INSUBCONTINENT EXCLUSIVE:
Last week, the BSE benchmark slumped 1,276.04 points or 1.57 per cent | (Photo: Reuters)2 min read Last Updated : Aug 11 2024 | 10:40 AM
IST
The combined market valuation of eight of the top-10 most valued firms eroded by Rs 1,66,954.07 crore last week, with Reliance
Industries and Life Insurance Corporation of India emerging as the biggest laggards, in line with weak trend in equities.
Last week, the
BSE benchmark slumped 1,276.04 points or 1.57 per cent.
The market capitalisation (mcap) of Reliance Industries tanked Rs 33,930.56 crore
to Rs 19,94,765.01 crore, the most among the top-10 firms.
The valuation of Life Insurance Corporation of India (LIC) slumped Rs 30,676.24
crore to Rs 7,17,001.74 crore.
State Bank of India lost Rs 21,151.33 crore from its valuation which stood at Rs 7,35,566.52 crore.
The
market valuation of Infosys dived Rs 20,973.19 crore to Rs 7,35,277.28 crore and that of Tata Consultancy Services (TCS) tumbled Rs
19,157.77 crore to Rs 15,30,469.11 crore.
Bharti Airtel's mcap got wiped out by Rs 16,993.56 crore to Rs 8,33,396.32 crore and ICICI Bank
suffered an erosion of Rs 16,975.55 crore to Rs 8,25,201.23 crore.
The valuation of HDFC Bank declined by Rs 7,095.87 crore to Rs
12,56,505.53 crore.
However, the mcap of Hindustan Unilever jumped Rs 12,946.24 crore to reach Rs 6,45,808.65 crore.
The valuation of
ITC climbed Rs 8,406.26 crore to Rs 6,19,829.37 crore.
Reliance Industries retained the title of the most valued firm followed by TCS,
HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, Hindustan Unilever and ITC.(Only the headline and picture of this
report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)First
Published: Aug 11 2024 | 10:40 AMIST
