Six of the top 10 companies by market capitalization lost Rs 1,40,478.38 crore in market capitalization in the holiday-shortened week, with IT majors Tata Consultancy Services (TCS) and Infosys the worst hit.
Last week, the BSE benchmark fell by 1,156.57 points or 1.55 percent. The stock market was closed on Wednesday due to Ram Navami.
While Reliance Industries, HDFC Bank, Bharti Airtel and Life Insurance Corporation of India (LIC) topped the top 10, TCS, ICICI Bank, State Bank of India, Infosys, ITC and Hindustan Unified Hindustan Unilever declined in valuation.
TCS’ market value fell by Rs 62,538.64 crore to Rs 13,84,804.91 crore, the biggest decline among the top 10 companies.
Infosys’s value fell to Rs 30,488.12 crore from Rs 585,936.45 crore.
Infosys shares closed nearly 1% lower on Friday as the company’s revenue growth guidance for fiscal 2025 failed to meet market expectations.
ICICI Bank’s market capitalization (mcap) fell by Rs 26,423.74 crore to Rs 7,49,023.89 crore and State Bank of India’s market capitalization (mcap) fell by Rs 14,234.76 crore to Rs 6,70,059.86 crore.
ITC’s valuation fell by Rs 6,616.9 crore to Rs 5,30,350.97 crore and Hindustan Unilever fell by Rs 176.22 crore to Rs 5,24,487.51 crore.
However, Bharti Airtel’s mcap rose to Rs 7,30,658.36 crore from Rs 37,797.09 crore and HDFC Bank’s mcap increased by Rs 9,420.17 crore to Rs 11,63,314.93 crore.
Reliance Industries added Rs 4,397.82 crore, taking its valuation to Rs 19,90,195.52 crore and LIC’s mcap increased by Rs 1,201.75 crore to Rs 6,15,453.90 crore.
In the top 10 companies ranking, Reliance Industries is the most valuable company, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, LIC, Infosys, ITC and Hindustan Unilever.
(Only the headlines and images in this report may have been reworked by Business Standards staff; the rest of the content was automatically generated from syndicated sources.)
