Mcap of eight of top-10 firms erodes by Rs 2.07 lakh cr; TCS, Airtel biggest laggards
Tata Consultancy Services
and
Bharti Airtel
emerging as the worst hit.
Last week, the benchmark BSE Sensex dropped 932.42 points or 1.11 per cent.
From the top 10 pack, only
Bajaj Finance
and
Hindustan Unilever
closed the week with gains in their valuation.
Among major losers, the market valuation of
Tata Consultancy Services
(TCS) tumbled Rs 56,279.35 crore to Rs 11,81,450.30 crore.
Shares
of TCS dropped nearly 3.50 per cent on Friday after its June quarter earnings failed to enthuse investors.
Bharti Airtel's valuation eroded by Rs 54,483.62 crore to Rs 10,95,887.62 crore.
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The market valuation of
Reliance Industries
dropped by Rs 44,048.2 crore to Rs 20,22,901.67 crore and that of
Infosys
by Rs 18,818.86 crore to Rs 6,62,564.94 crore.
The
market capitalisation
(mcap) of
ICICI Bank
tanked Rs 14,556.84 crore to Rs 10,14,913.73 crore. The valuation of
Life Insurance Corporation of India
(LIC) diminished by Rs 11,954.25 crore to Rs 5,83,322.91 crore.
The mcap of
HDFC Bank
declined by Rs 4,370.71 crore to Rs 15,20,969.01 crore and that of
State Bank of India
went lower by Rs 2,989.75 crore to Rs 7,21,555.53 crore.
However, the valuation of Hindustan Unilever Ltd jumped Rs 42,363.13 crore to Rs 5,92,120.49 crore. Shares of Hindustan Unilever Ltd (HUL) on Friday surged nearly 5 per cent after the company announced that Priya Nair will become its first woman CEO and MD.
The mcap of
Bajaj Finance
climbed Rs 5,033.57 crore to Rs 5,80,010.68 crore.
Reliance Industries was the most valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State
Bank
of India, Infosys, LIC, Bajaj Finance and Hindustan Unilever in that order.
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