MOHAMMAD ZIYAUDDIN
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The total valuation of six of the top 10 companies in terms of market capitalization declined by Rs 1,55,721.12 crore last week. Reliance Industries suffered the biggest loss during this period. Last week, the BSE Sensex fell by 237.8 points or 0.29 percent.
Reliance Industries, Bharti Airtel, ICICI Bank, ITC, Hindustan Unilever, and Life Insurance Corporation of India (LIC) declined in market valuation. On the other hand, Tata Consultancy Services (TCS), HDFC Bank, Infosys, and State Bank of India gained.
The valuation of Reliance Industries fell by Rs 74,563.37 crore to Rs 17,37,556.68 crore. The valuation of Bharti Airtel fell by Rs 26,274.75 crore to Rs 8,94,024.60 crore. Similarly, the market valuation of ICICI Bank fell by Rs 22,254.79 crore to Rs 8,88,432.06 crore and that of ITC fell by Rs 15,449.47 crore to Rs 5,98,213.49 crore. The market capitalization of LIC fell by Rs 9,930.25 crore and that of Hindustan Unilever by Rs 7,248.49 crore.
On the other hand, the valuation of TCS rose by Rs 57,744.68 crore to Rs 14,99,697.28 crore. The valuation of Infosys rose by Rs 28,838.95 crore to Rs 7,60,281.13 crore and that of State Bank of India rose by Rs 19,812.65 crore to Rs 7,52,568.58 crore.
Reliance Industries remains the most valuable company in the country. It is followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, ITC, Hindustan Unilever and LIC.
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