Nine of top 10 companies lose nearly 2.2 crore lakh in market valuation

Nine of the 10 most valuable companies lost a huge 2.19,920.71 lakh crore in their total market valuation last week with the Sensex barometer tanking over 3%.

Reliance Industries (RIL) was the only script to record gains in its market valuation among the 10 highest-valued companies.

Among the losers, the market valuation of Tata Consultancy Services fell 81,506.34 crore to 10.71,263.77 crore. HDFC Bank’s valuation fell by 2,202.12 crore to reach 8,45,552,53 crore.

ICICI Bank’s market capitalization (m-cap) fell by 18,098,57 crore to 4,13,078,87 crore and that of Hindustan Unilever by 11,536.32 crore to 5,00,937.14 crore.

The valuation of HDFC fell by 35,389.88 crore to reach 4,57,518,73 crore and that of Infosys by 16,613.57 crore to 5.33,487.07 crore.

Bajaj Finance’s market capitalization fell by 15712.46 crore to 3.15653.33 crore and that of Kotak Mahindra Bank plunged 30,695.43 crore to 3,53,081.63 crore.

SBI’s valuation fell by 8166.02 crore to reach 3.48,238.34 crore.

Lone gainer RIL, on the other hand, added 2,092.01 crore at its valuation which amounted to 13.21,044.35 crore at the close on Friday.

The key benchmark Sensex fell 1786 points or 3.46% last week amid weak global indices.

The 30-stock index on Friday recorded its largest single-day decline in nearly 10 months, while the NSE Nifty plunged more than 568 points to below the psychological 15,000 mark, following global sales triggered by a panic in the bond markets abroad.

In the ranking of the 10 most valued companies, RIL was at the top of the chart followed by TCS, HDFC Bank, Infosys, Hindustan Unilever Limited, HDFC, ICICI Bank, Kotak Mahindra Bank, SBI and Bajaj Finance.

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