Three of the ten most valuable domestic companies had a total market value decline of Rs 1,22,852.25 crore last week, with Reliance Industries emerging as the largest loser. The large IT companies Infosys and Tata Consultancy Services (TCS), are the other two bluechip companies that saw their valuations decline.
Contrarily, the winners were HDFC Bank, Hindustan Unilever, ICICI Bank, State Bank of India, HDFC, Bajaj Finance, and Adani Transmission. They made a total profit of Rs62,221.63 crore. The BSE benchmark Sensex fell 30.54 points or 0.05% over the holiday-shortened week.
The BSE benchmark Sensex fell 30.54 points or 0.05% over the holiday-shortened week. Reliance Industries market value decreased by Rs60,176.75 crore to Rs17,11,468.58 crore. TCS’ market capitalization (mcap) decreased by Rs33,663.28 crore to Rs11,45,155.01 crore, and Infosys’ mcap decreased by Rs29,012.22 crore to Rs6,11,339.35 crore.
HDFC Bank increased by Rs12,653.69 crore, bringing its valuation to Rs8,26,605.74 crore, from the gainer’s group. Adani Transmission, the most recent addition to the coveted list of the top 10 most valued companies, saw an increase in valuation of Rs12,494.32 crore to Rs4,30,842.32 crore.
On Tuesday, Adani Transmission made it into the top ten (August 30). State Bank of India (SBI) saw its Mcap increase by Rs11,289.64 crore to Rs4,78,760.80 crore, while HDFC saw an increase of Rs9,408.48 crore to Rs4,44,052.84 crore. Bajaj Finance’s value increased by Rs7,740.41 crore to Rs4,35,346 crore, and Hindustan Unilever’s valuation increased by Rs7,612.68 crore to Rs6,11,692.59 crore.
The valuation of ICICI Bank increased by Rs1,022.41 crore to Rs6,07,352.52 crore. Reliance Industries maintained its top spot on the list of the top 10 companies, followed by TCS, HDFC Bank, Hindustan Unilever, Infosys, ICICI Bank, SBI, HDFC, Bajaj Finance, and Adani Transmission.