Business Economy


Market valuation of 8 of top 10 most valuable firms fell by Rs 1.55 trillion

New Delhi, Oct 25 (UNI) The combined market valuation of eight of the top 10 most valuable firms fell by Rs 1.55 trillion last week, with HDFC Bank and Bajaj Finance accounting for most of the losses.
Among the top 10 listed companies, eight lost Rs 1,55,671.9 crore, while two, Tata Consultancy Services and Larsen & Toubro, closed the week with valuation gains.
Notably, the total market capitalisation of BSE-listed firms fell by Rs 20,78,774.28 crore over four sessions to Rs 4,51,83,393.14 crore from Rs 4,72,62,167.42 crore recorded on October 16.
The market valuation of HDFC Bank tumbled Rs 55,506.95 crore to Rs 10,67,121.12 crore, and that of ICICI Bank declined by Rs 1,276.53 crore to Rs 10,01,594.91 crore.
The valuation of State Bank of India diminished by Rs 4,338.46 crore to Rs 8,83,384.38 crore.
The market capitalisation (mcap) of Bharti Airtel tanked Rs 9,360.75 crore to Rs 11,79,454.70 crore.
Bajaj Finance's valuation eroded by Rs 34,180.51 crore to Rs 5,77,146.21 crore, and that of Life Insurance Corporation of India (LIC) by Rs 21,062.24 crore to Rs 4,81,142.58 crore.
The market valuation of Reliance Industries dropped by Rs 27,065.08 crore to Rs 16,10,372.11 crore.
The mcap of Infosys declined by Rs 2,881.38 crore to Rs 4,68,528.03 crore.
The valuation of Tata Consultancy Services (TCS) jumped Rs 23,517.56 crore to Rs 9,14,652.52 crore. The mcap of Larsen & Toubro (L&T) climbed Rs 1,788.66 crore to Rs 5,01,513.72 crore.
In a rank-wise analysis, Reliance Industries was the most valued firm, followed by Bharti Airtel, HDFC Bank, ICICI Bank, TCS, State Bank of India, Bajaj Finance, L&T, Life Insurance Corporation of India and Infosys.UNI VK AAB
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