6 blue-chip firms lose Rs 1.55 lakh crore mcap per week; RIL has been hit hard
The combined market cap of six of the 10 most-valued firms breached Rs 1,55,721.12 crore last week, with Reliance Industries emerging as the biggest underperformer, in line with the overall weak trend in equities.
Last week, the BSE benchmark fell 237.8 points, or 0.29 percent. While Reliance Industries, Bharti Airtel, ICICI Bank, ITC, Hindustan Unilever and Life Insurance Corporation of India (LIC) were depressed in their market values, Tata Consultancy Services (TCS), HDFC Bank, Infosys, and State Bank of India were. the beneficiaries.
The value of Reliance Industries fell by Rs 74,563.37 crore to Rs 17,37,556.68 crore. Bharti Airtel’s valuation fell by Rs 26,274.75 crore to Rs 8,94,024.60 crore.
ICICI Bank’s market capitalization fell by Rs 22,254.79 to Rs 8,88,432.06 crore and that of ITC took Rs 15,449.47 to Rs 5,98,213.49 crore.
LIC’s market capitalization (mcap) fell by Rs 9,930.25 to Rs 5,78,579.16 crore while Hindustan Unilever’s fell by Rs 7,248.49 to Rs 5,89,160.01 crore.
However, TCS valuation jumped by Rs 57,744.68 crore to Rs 14,99,697.28 crore. Infosys’s mcap increased by Rs 28,838.95 crore to Rs 7,60,281.13 crore and that of State Bank of India increased by Rs 19,812.65 to Rs 7,52,568.58 crore.
HDFC Bank added Rs 14,678.09 crore, taking its total to Rs 13,40,754.74 crore. Reliance Industries remains the most important firm in the country, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, ITC, Hindustan Unilever, and LIC.
