Mcap of 9 of top-10 firms drops Rs 2L cr as mkt crumbles
the BSE benchmark tanked 1,822.46 points or 2.24 per cent
PTI
New Delhi, 27 Oct
Nine of the top-10 most valued firms together lost a
whopping Rs 2,09,952.26 crore from market valuation last week, in line with
weak trends in equities, with Hindustan Unilever and Reliance Industries
Limited taking the biggest hit.
Last week, the BSE benchmark tanked 1,822.46 points or 2.24
per cent.
"The dismal Q2 earnings so far have aggravated the
investors' woes while persistent FII selling continued to create havoc in the
market," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
From the top-10 pack, HDFC Bank emerged as the only winner.
The market valuation of Hindustan Unilever eroded by Rs
44,195.81 crore to Rs 5,93,870.94 crore.
Reliance Industries' valuation tumbled Rs 41,994.54 crore to
Rs 17,96,726.60 crore.
State Bank of India's market valuation plummeted by Rs
35,117.72 crore to Rs 6,96,655.84 crore, and that of Bharti Airtel tanked by Rs
24,108.72 crore to Rs 9,47,598.89 crore.
The market capitalisation (mcap) of Tata Consultancy
Services (TCS) dropped by Rs 23,137.67 crore to Rs 14,68,183.73 crore.
The valuation of Life Insurance Corporation of India (LIC)
diminished by Rs 19,797.24 crore to Rs 5,71,621.67 crore, and that of Infosys
declined by Rs 10,629.49 crore to Rs 7,69,496.61 crore.
ITC's mcap fell by Rs 5,690.96 crore to Rs 6,02,991.33
crore, and that of ICICI Bank went lower by Rs 5,280.11 crore to Rs 8,84,911.27
crore.
However, the mcap of HDFC Bank jumped Rs 46,891.13 crore to
Rs 13,29,739.43 crore.
Reliance Industries retained the title of the most valued
firm, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State
Bank of India, ITC, Hindustan Unilever and LIC.
-PTI
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