Mumbai: The combined market capitalisation (m-cap) of eight of the top ten most valued Indian listed companies declined by Rs 1,65,180.04 crore in the during the holiday-shortened last week. Last week, BSE Sensex fell by 1,906.01 or 2.39 per cent. Equity markets were closed on Friday (November 15) on account of Guru Nanak Jayanti.
The biggest laggard was HDFC Bank, which tanked by Rs 46,729.51 crore to Rs 12,94,025.23 crore. Followed SBI, which saw its market valuation eroded by Rs 34,984.51 crore to Rs 7,17,584.07 crore. HUL also slumped Rs 27,830.91 crore to Rs 5,61,329.10 crore, and RIL declined by Rs 22,057.77 crore to Rs 17,15,498.91 crore. Further, the m-cap of ITC dived Rs 15,449.47 crore to Rs 5,82,764.02 crore, and Bharti Airtel tumbled Rs 11,215.87 crore to Rs 8,82,808.73 crore.
Also Read: Foreign portfolio investors withdrew Rs 22,240 crore from Indian equities in November
LIC also dropped Rs 4,079.62 crore to Rs 5,74,499.54 crore, and ICICI Bank slipped by Rs 2,832.38 crore to Rs 8,85,599.68 crore.
Among the few gainers, Infosys saw its valuation climb Rs 13,681.37 crore to Rs 7,73,962.50 crore. And TCS added Rs 416.08 crore in market cap to Rs 15,00,113.36 crore.
Overall, Reliance Industries (RIL) remained the most valued domestic firm, followed by Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, Bharti Airtel, Infosys, SBI, ITC, the Life Insurance Corporation of India (LIC) and Hindustan Unilever (HUL), it added.
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