1. Home
  2. Business
  3. M-cap: 3 out of top 10 firms lose ₹73,630 cr ; RIL’s biggest drag

M-cap: 3 out of top 10 firms lose ₹73,630 cr ; RIL’s biggest drag

By Priyanka Verma 
Updated Date

New Delhi: The market capitalization (MCap) of three of the top-10 companies listed on the Bombay Stock Exchange (BSE) collectively declined by Rs 73,630.56 crore last week. The biggest loss during this period was Mukesh Ambani-led Reliance Industries Ltd. Ltd) took place. Thousands of crores of rupees of the investors of the company were cleared in a jiffy.

Also Read :- GST collection rises 28% to ₹1.49 lakh cr in july 2022, 2nd highest ever

Apart from Reliance Industries, there has also been a decline in the market cap of Hindustan Unilever (HUL) and ICICI Bank. The market capitalization of Reliance Industries declined by Rs 62,100.95 crore to Rs 16,29,684.50 crore in the reporting week. While ICICI Bank lost Rs 6,654.2 crore to Rs 4,89,700.16 crore and Hindustan Unilever declined by Rs 4,875.41 crore to Rs 5,36,364.69 crore.

The top-10 pack, TCS, HDFC Bank, Infosys, LIC, SBI, HDFC and Bharti Airtel were the gainers. However, the combined gain of the seven firms at ₹49,441.05 crore was less than the total loss suffered by the three companies.

Last week, the Sensex climbed 179.95 points or 0.34 per cent, while the Nifty gained 52.80 points or 0.33 per cent.

Among the gainers, the market valuation of Infosys jumped ₹15,172.88 crore to ₹6,21,907.38 crore.The market capitalisation (m-cap) of State Bank of India (SBI) climbed ₹11,200.38 crore to ₹4,16,690.11 crore.

Also Read :- OMCs cut Jet fuel price by 2.2% on Fall in International Crude, rates come off Peak, big relief for airline

The valuation of Life Insurance Corporation of India (LIC) went up by ₹9,519.12 crore to ₹4,28,044.22 crore and that of TCS advanced ₹8,489 crore to stand at ₹12,13,396.32 crore.

HDFC added ₹3,924.46 crore to its valuation to reach ₹4,01,114.96 crore. The m-cap of Bharti Airtel gained ₹1,043.49 crore to ₹3,69,833.12 crore and that of HDFC Bank went up by ₹91.72 crore to ₹7,51,892.03 crore. In the ranking of top-10 firms, Reliance Industries retained its top slot, followed by TCS, HDFC Bank, Infosys, HUL, ICICI Bank, LIC, SBI, HDFC and Bharti Airtel.

Further reading:
For the latest news and reviews, follow us on Facebook, YouTube and Twitter पर फॉलो करे...