HDFC Bank, 3 other blue-chip companies lose Rs 96,606 crore mcap in week
The combined market capitalization of four of the 10 highest-valued firms fell by Rs 96,605.66 crore last week, with HDFC Bank the top performer.
While Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank and State Bank of India were bullied for their valuations, Reliance Industries, Bharti Airtel, Infosys, ITC, Life Insurance Corporation of India (LIC) and Hindustan Unilever won. Together they added Rs 82,861.16 crore to the combined market capitalization.
HDFC Bank’s market capitalization fell by Rs 37,025.46 crore to Rs 13,37,919.84 crore.
ICICI Bank’s value fell by Rs 29,324.55 crore to Rs 8,93,378.50 crore.
The market capitalization (mcap) of TCS took Rs 24,856.26 crore to Rs 14,83,144.53 crore and that of State Bank of India fell by Rs 5,399.39 to Rs 7,08,168.60 crore.
However, Reliance Industries’ mcap increased by Rs 41,138.41 crore to Rs 16,93,373.48 crore.
Hindustan Unilever’s value increased by Rs 15,331.08 crore to Rs 5,65,194.18 crore.
LIC’s mcap jumped by Rs 13,282.49 crore to Rs 5,74,689.29 crore and that of Infosys went up by Rs 9,031.19 crore to Rs 8,04,834.34 crore.
ITC’s valuation increased by Rs 3,878.63 crore to Rs 6,03,064.44 crore and that of Bharti Airtel increased by Rs 199.36 crore to Rs 9,10,934.58 crore.
Last week, the BSE benchmark jumped 524.04 points, or 0.66 percent, while the Nifty rose 191.35 points, or 0.80 percent.
Reliance Industries retained the title of the most valuable company followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, ITC, LIC, and Hindustan Unilever.
