INSUBCONTINENT EXCLUSIVE:
Markets faced heavy drubbing last week amid worsening tensions in the Middle East and foreign fund outflows | (Photo: Shutterstock)2 min
read Last Updated : Oct 06 2024 | 10:07 AM IST
Nine of the top-10 most valued firms together lost a whopping Rs 4,74,906.18 crore in
market valuation last week, with Reliance Industries and HDFC Bank taking the steepest hit, in line with weak trends in equities.
Markets
faced heavy drubbing last week amid worsening tensions in the Middle East and foreign fund outflows
In a holiday-shortened week, the BSE benchmark plummeted 3,883.4 points, or 4.53 per cent.Click here to connect with us on WhatsApp
The
valuation of Reliance Industries declined Rs 1,88,479.36 crore to Rs 18,76,718.24 crore.
HDFC Bank's market valuation slumped Rs 72,919.58
tumbled Rs 47,461.13 crore to Rs 8,73,059.59 crore.
The valuation of Life Insurance Corporation of India (LIC) plummeted Rs 33,490.86
crore to Rs 6,14,125.65 crore and that of Hindustan Unilever tanked Rs 27,525.46 crore to Rs 6,69,363.31 crore.
The market capitalisation
(mcap) of ITC dropped Rs 24,139.66 crore to Rs 6,29,695.06 crore and that of Tata Consultancy Services (TCS) eroded by Rs 21,690.43 crore to
Rs 15,37,361.57 crore.
State Bank of India's valuation went lower by Rs 5,399.39 crore to Rs 7,10,934.59 crore.
However, the mcap of
Infosys climbed Rs 4,629.64 crore to Rs 7,96,527.08 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, Hindustan Unilever, ITC, and LIC.(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: Oct 06 2024 | 10:06 AMIST
