Among the top 10 most valued companies, four companies altogether added Rs 68,458.72 crore in the market valuation in the previous week. The companies namely, RIL, TCS, Infosys and HUL belonged to the top 10 lists. Hindustan Unilever Limited and Infosys evolved to be the biggest gainers.
On the other hand, HDFC Bank, HDFC, ICICI Bank, SBI, Bajaj Finance and Kotak Mahindra Bank experienced a cumulative erosion of almost Rs 43,703.55 crore from their market valuation in the past week.
The market valuation of Hindustan Unilever Limited (HUL) increased by Rs 26,832.3 crore to get to Rs 5,82,874.25 crore. The valuation of Infosys surged up to Rs 6,41,108.34 crose as it raised around Rs 24,628.79 crore. Tata Consultancy Services (TCS) obtained Rs 9,358.6 crore for its valuation to reach at Rs 12,19,577.24 crore. The market capitalization of Reliance Industries Limited (RIL) gained around Rs 7,639.03 crore to Rs 14,10,557.79 crore.
On the contrary, State Bank of India’s valuation fell by Rs 14,948.73 crore to Rs 3,68407.96 crore. The valuation of HDFC dropped by Rs 12,796.03 crore to Rs 4,49,176.18 crore. Kotak Mahindra Bank’s market capitalization declined by Rs 6,908.63 crore to Rs 3,49,019.23 crore. The ICICI bank too dived by around Rs 3,644.88 crore to Rs 4,36,390.78 crore.
The valuation of HDFC Bank collapsed by nearly Rs 3,503.96 crore to reach Rs 8,16,587.81 crore. Bajaj Finance too declined by Rs 1,901.32 crore to Rs 3,67,425.99 crore.
On the basis of ranking of the top 10 most valued firms, RIL kept its numero uno status, and is successively followed by TCS, HDFC Bank, Infosys, HUL, HDFC, ICICI Bank, State Bank of India(SBI), Bajaj Finance, and Kotak Mahindra Bank. The 30-share BSE benchmark Sensex fell 130.31 points or 0.24 per cent during the past week.