M-cap of ten most valued firms tumbles over Rs 2.85 trn; RIL biggest drag

On a weekly basis, the Sensex slumped 2,225.29 points or 3.89 per cent, while the Nifty lost 691.30 points or 4.04 per cent.

Photo: Bloomberg

Photo: Bloomberg

New Delhi
The top-10 most valued firms suffered a combined erosion of Rs 2,85,251.65 crore from their market valuations last week, mirroring an overall weak broader market trend, with Reliance Industries emerging as the worst-hit.
On a weekly basis, the Sensex slumped 2,225.29 points or 3.89 per cent, while the Nifty lost 691.30 points or 4.04 per cent.
The market valuation of Reliance Industries tumbled Rs 1,14,767.5 crore to reach Rs 17,73,196.68 crore, falling the most among the top-10 firms.
The market capitalisation (mcap) of Tata Consultancy Services tanked Rs 42,847.49 crore to Rs 12,56,152.34 crore.
HDFC Bank's valuation dived Rs 36,984.46 crore to Rs 7,31,068.41 crore and that of Hindustan Unilever got eroded by Rs 20,558.92 crore to Rs 5,05,068.14 crore.
ICICI Bank's mcap slumped Rs 16,625.96 crore to Rs 5,00,136.52 crore and that of Bharti Airtel declined by Rs 16,091.64 crore to Rs 3,90,153.62 crore.

Also Read

Markets Insights: Why are yields on govt bond rising after Budget 2022?

Reliance Jio plans its biggest bond to refinance financial liabilities

Yield spread signals more surge in India bond rates, say analysts

Will the RBI policy calm bond markets? Here's what analysts think

Indian 10-year bond yield at 1-month high tracking global crude, U.S. peers

Sebi constitutes advisory panel on ESG-related matters under HDFC's Munot

FPI selling extends to 8th straight month, pulls out over Rs 6k-cr in May

Sensex, Nifty plunge 1.6% after US indices see worst drop in 2 years

Private bank profits rise, thanks to higher NII and low provisions

Bank unions protest RBI order to keep branches open Sunday for LIC IPO

HDFC's valuation went lower by Rs 13,924.03 crore to Rs 3,90,045.06 crore and that of State Bank of India fell by Rs 10,843.4 crore to Rs 4,32,263.56 crore.
The valuation of Infosys plunged Rs 10,285.69 crore to Rs 6,49,302.28 crore and that of Adani Green Energy dipped Rs 2,322.56 crore to Rs 4,49,255.28 crore.
In the ranking of top-10 firms, Reliance Industries was leading the chart, followed by Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, Adani Green Energy, State Bank of India, Bharti Airtel and HDFC.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Topics : Markets BSE

First Published: May 08 2022 | 10:33 AM IST

Explore News