NEW DELHI, Dec 14: The combined market valuation of eight of the top-10 most valued domestic firms eroded by Rs 79,129.21 crore last week.
Bajaj Finance and ICICI Bank took the biggest hit, amid a largely bearish trend in equities.
Reliance Industries and Larsen & Toubro were the only gainers, while HDFC Bank, Bharti Airtel, Tata Consultancy Services (TCS), ICICI Bank, State Bank of India, Infosys, Bajaj Finance and Life Insurance Corporation of India (LIC) faced erosion from their valuation.
The mcap of Reliance Industries jumped Rs 20,434.03 crore to Rs 21,05,652.74 crore. Larsen & Toubro added Rs 4,910.82 crore taking its valuation to Rs 5,60,370.38 crore.
In a rank wise analysis, Reliance Industries remained the most valued firm, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Larsen & Toubro and LIC.
The market capitalisation of Bajaj Finance dropped by Rs 19,289.7 crore to Rs 6,33,106.69 crore while ICICI Bank’s valuation tumbled Rs 18,516.31 crore to Rs 9,76,668.15 crore.
State Bank of India diminished by Rs 7,846.02 crore to Rs 8,88,816.17 crore and that of HDFC Bank dipped by Rs 4,460.93 crore to Rs 15,38,558.71 crore.
The valuation of LIC eroded by Rs 1,201.75 crore to Rs 5,48,820.05 crore.
The mcap of Bharti Airtel tanked Rs 13,884.63 crore to Rs 11,87,948.11 crore. Infosys lost Rs 7,145.95 crore from its market valuation which stood at Rs 6,64,220.58 crore.
The mcap of TCS declined by Rs 6,783.92 crore to Rs 11,65,078.45 crore.
Last week, the BSE benchmark index declined by 444.71 points or 0.51%.
The stock market on Friday ended higher for the second consecutive session tracking positive global cues.
At close, the Sensex rose 450 points, or 0.53%, to 85,267.66 while the Nifty 50 gained 148 points, or 0.57%, to 26,046.95.
The BSE Midcap and Smallcap indices rose 1.14% and 0.65%, respectively. (UNI)
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