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Over Rs 1 Lakh Crore Market Cap Loss For 4 Of The Top-10 Companies: TCS, Infosys Biggest Laggards


Four of top-10 cos lose over Rs 1 lakh crore in valuation; TCS, Infosys largest loosers

New Delhi:

The mixed market valuation of 4 of the ten most valued corporations tumbled Rs 1,05,848.14 crore final week, with IT majors TCS and Infosys rising as the most important laggards.

While the market valuation of Reliance Industries, TCS, Infosys and Bajaj Finance declined, HDFC Bank, ICICI Bank, HUL, SBI, HDFC and Bharti Airtel emerged because the gainers with a mixed addition of Rs 51,628.12 crore.

Among the 4 corporations, the valuation of Tata Consultancy Services (TCS) tumbled essentially the most by Rs 40,640.76 crore to face at Rs 13,49,037.36 crore.

Infosys’ market capitalisation (m-cap) tanked Rs 36,703.8 crore to succeed in Rs 7,63,565.13 crore.

Reliance Industries Limited’s (RIL) market valuation eroded by Rs 25,503.68 crore to Rs 17,70,205.42 crore, and that of Bajaj Finance dipped by Rs 2,999.9 crore to Rs 4,45,810.84 crore.

In distinction, the m-cap of Hindustan Unilever Limited (HUL) jumped by Rs 24,048.06 crore to Rs 5,12,857.03 crore, and that of ICICI Bank climbed by Rs 12,403.56 crore to Rs 5,24,180.57 crore.

State Bank of India (SBI) added Rs 7,050.44 crore, taking its valuation to Rs 4,60,599.20 crore.

HDFC Bank’s valuation rallied by Rs 4,880.07 crore to Rs 8,40,204.91 crore.

The market valuation of Bharti Airtel jumped Rs 1,949.67 crore to Rs 4,18,574.86 crore, and that of HDFC went increased by Rs 1,296.32 crore to Rs 4,45,659.60 crore.

In the rating of top-10 corporations, RIL maintained its prime place, adopted by TCS, HDFC Bank, Infosys, ICICI Bank, HUL, SBI, Bajaj Finance, HDFC and Airtel.

Last week, the Sensex slipped 170.49 factors or 0.28 per cent, whereas the Nifty shed 113.90 factors or 0.64 per cent.

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