You are here: Home » Markets » News
Business Standard

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.

Topics
Markets | BSE

Press Trust of India  |  New Delhi 

Photo: Bloomberg
Photo: Bloomberg

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.

chart

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.

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.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sun, May 08 2022. 10:33 IST
RECOMMENDED FOR YOU
.