Mcap: Six of top-10 firms lose ₹78,163 cr; RIL biggest drag

PTI Updated - October 16, 2022 at 12:11 PM.
Market capitalisation (Representative image) | Photo Credit: moxumbic

The combined market valuation of six of the 10 most valued domestic firms eroded by ₹78,163 crore last week, with Reliance Industries taking the biggest hit.

Last week, the 30-share BSE Sensex declined 271.32 points or 0.46 per cent.

While Reliance Industries, Bharti Airtel, ICICI Bank, HUL, Bajaj Finance and SBI saw a drop in their valuation, TCS, HDFC Bank, Infosys and HDFC emerged as the gainers. However, the combined gain of the four firms at ₹30,467.03 crore was less than the total loss suffered by the six companies.

The market valuation of index heavyweight Reliance Industries tanked ₹42,113.47 crore to reach ₹16,04,069.19 crore.

Bharti Airtel lost Rs 15,159.81 crore to stand at ₹4,26,226.99 crore.

The market capitalisation (mcap) of ICICI Bank declined by ₹8,272.37 crore to ₹6,06,317.50 crore and that of Hindustan Unilever Ltd (HUL) fell by ₹5,404.06 crore to ₹6,05,219.47 crore.

Bajaj Finance's valuation dipped ₹4,268.28 crore to ₹4,40,295.38 crore and that of State Bank of India (SBI) went lower by ₹2,945.12 crore to ₹4,70,371.66 crore.

From the gainers' pack, TCS added ₹11,965 crore, taking its valuation to ₹11,33,446.05 crore.

Infosys's mcap jumped ₹9,383.46 crore to reach ₹6,20,254.82 crore.

The valuation of HDFC Bank climbed ₹5,792.76 crore to ₹8,02,686.8 crore and that of HDFC advanced ₹3,325.71 crore to ₹4,26,135.93 crore.

In the ranking of the most valued Indian firms, Reliance Industries retained its top spot, followed by TCS, HDFC Bank, Infosys, ICICI Bank, HUL, SBI, Bajaj Finance, Bharti Airtel and HDFC.

Published on October 16, 2022 06:41

This is a Premium article available exclusively to our subscribers.

Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

You have reached your free article limit.

Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

You have reached your free article limit.
Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

TheHindu Businessline operates by its editorial values to provide you quality journalism.

This is your last free article.