Mcap of 8 of top-10 corporations erodes by Rs 1.55 lakh cr; HDFC Bank, Bajaj Fin greatest laggards
In a holiday-truncated week, the 30-share BSE Sensex tumbled 1,605.44 factors, or 2.15 per cent, whereas the 50-share NSE Nifty slumped 546.15 factors, or 2.36 per cent.
Tracking the weak pattern in equities, the whole market capitalisation of BSE-listed corporations fell by Rs 20,78,774.28 crore over 4 classes to Rs 4,51,83,393.14 crore from Rs 4,72,62,167.42 crore recorded on October 16.
Among the highest 10 listed firms, eight misplaced Rs 1,55,671.9 crore, whereas two, Tata Consultancy Services and Larsen & Toubro, closed the week with valuation positive aspects.
Among main losers, the market valuation of HDFC Bank tumbled Rs 55,506.95 crore to Rs 10,67,121.12 crore. The firm’s inventory fell 5 per cent over the last week.
Bajaj Finance’s valuation eroded by Rs 34,180.51 crore to Rs 5,77,146.21 crore.
The market valuation of Reliance Industries dropped by Rs 27,065.08 crore to Rs 16,10,372.11 crore and that of Life Insurance Corporation of India (LIC) by Rs 21,062.24 crore to Rs 4,81,142.58 crore.The market capitalisation (mcap) of Bharti Airtel tanked Rs 9,360.75 crore to Rs 11,79,454.70 crore. The valuation of State Bank of India diminished by Rs 4,338.46 crore to Rs 8,83,384.38 crore.
The mcap of Infosys declined by Rs 2,881.38 crore to Rs 4,68,528.03 crore, and that of ICICI Bank declined by Rs 1,276.53 crore to Rs 10,01,594.91 crore.
Meanwhile, the valuation of Tata Consultancy Services (TCS) jumped Rs 23,517.56 crore to Rs 9,14,652.52 crore. The mcap of Larsen & Toubro (L&T) climbed Rs 1,788.66 crore to Rs 5,01,513.72 crore.
Reliance Industries was probably the most valued agency, adopted by Bharti Airtel, HDFC Bank, ICICI Bank, TCS, State Bank of India, Bajaj Finance, L&T, Life Insurance Corporation of India and Infosys.
