8 of the top 10 most-valued companies in m-caps are around Rs. 2 lakh crore loses

Eight of the top 10 most valuable companies lost market valuations of Rs. 1,65,180.04 crore in losses, with HDFC Bank and State Bank of India the worst hit due to weak trend in equities. Last week, the BSE benchmark Sensex fell 1,906.01 or 2.39 percent.

Equity markets were closed on Friday on the occasion of Guru Nanak Jayanti.

Ajit Mishra, SVP – Research, Religare Broking Ltd said, “Rising concerns over rising CPI inflation and continued disappointment in corporate earnings weighed heavily on sentiment.”

HDFC Bank is valued at Rs. 46,729.51 crore reduced to Rs. 12,94,025.23 crores.

The market valuation of State Bank is Rs. 34,984.51 crore down to Rs. 7,17,584.07 crores.

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Hindustan Unilever is valued at Rs. 27,830.91 crore reduced to Rs. 5,61,329.10 crore and Reliance Industries was valued at Rs. 22,057.77 crore reduced to Rs. 17,15,498.91 crores.

ITC’s market capitalization (mcap) is Rs. 15,449.47 crore reduced to Rs. 5,82,764.02 crore and Bharti Airtel Rs. 11,215.87 crore reduced to Rs. 8,82,808.73 crores.

Life Insurance Corporation of India (LIC) is valued at Rs. 4,079.62 crore down to Rs. 5,74,499.54 crore and ICICI Bank valued at Rs. 2,832.38 crore reduced to Rs. 8,85,599.68 crores.

However, Infosys’ mcap is Rs. 13,681.37 crore increased to Rs. 7,73,962.50 crores.

Also, Tata Consultancy Services (TCS) has a market cap of Rs. 416.08 crore by adding Rs. 15,00,113.36 crores.

Reliance Industries remained the most valuable domestic company, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, Infosys, State Bank of India, ITC, LIC and Hindustan Unilever.

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