The combined market valuation of four of the top-10 most valued companies saw a collective loss of Rs 96,605.66 crore. HDFC Bank, ICICI Bank, TCS, and SBI valuation slipped significantly.
HDFC Bank’s market value dropped by Rs 37,025.46 crore and stands at Rs 13,37,919.84 crore, while ICICI Bank lost Rs 29,324.55 crore, bringing its value to Rs 8,93,378.50 crore. Similarly, TCS saw a decline of Rs 24,856.26 crore, with a valuation of Rs 14,83,144.53 crore, and State Bank of India’s value fell by Rs 5,399.39 crore to Rs 7,08,168.60 crore.
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However, its always gain some and lose some… Reliance Industries gained Rs 41,138.41 crore with total market cap at Rs 16,93,373.48 crore. Hindustan Unilever added Rs 15,331.08 crore, LIC rose by Rs 13,282.49 crore, and Infosys increased by Rs 9,031.19 crore. ITC’s valuation grew by Rs 3,878.63 crore, and Bharti Airtel added Rs 199.36 crore to its value.
Reliance Industries retained its position as the most valued company, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, ITC, LIC, and Hindustan Unilever.
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The broader market showed positive momentum. Last week, the BSE benchmark index gained 524.04 points, or 0.66 per cent, while the Nifty index climbed 191.35 points, or 0.80 per cent.
(With PTI Inputs)
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