Market valuation of 8 of the top 10 companies falls Rs 2.48 Lakh Crore: 10 points

Market valuation of 8 out of top 10 companies falls Rs 2.48 lakh crore: Highlights

New Delhi:
Indian equity benchmarks on Friday extended their decline for a sixth day in a row, with the Sensex falling 2,041.96 points or 3.72 percent for the week on stagflation concerns, the exodus of capital in flight trading to safety.

Here’s your 10-point guide to history:

  1. Eight of the top 10 most valued companies, based on market capitalisation, lost Rs 2,48,372.97 combined, following a loss of Rs 2,85,251.65 crores for the 10 market valuations of those companies in the previous week, which ended on May 6. .

  2. Following a weak broader market trend, Reliance Industries took the biggest hit in the week ending May 13. The valuation of Reliance Industries fell by Rs 1,30,627.7 crore to reach Rs 16,42,568.98 crore.

  3. The market capitalization (mcap) of the State Bank of India fell by Rs 35,073.72 crore to Rs 3,97,189.84 crore.

  4. ICICI Bank’s valuation sank by Rs 29,279.72 crore to Rs 4,70,856.80 crore, and Infosys shares erased Rs 16,869.36 crore to Rs 6,32,432.92 crore.

  5. The market valuation of HDFC Bank decreased by Rs 14,427.28 crore to Rs 7,16,641.13 crore and that of Bharti Airtel fell by Rs 11,533.26 crore to Rs 3,78,620.36 crore .

  6. Tata Consultancy Services’ mcap was down Rs 7,153.45 crore at Rs 12,48,998.89 crore, and HDFC fell Rs 3,408.48 crore to Rs 3,86,636.58 crore.

  7. By contrast, Hindustan Unilever added Rs 10,514.42 crore, valuing it at Rs 5,15,582.56 crore.

  8. The market capitalization of Kotak Mahindra Bank increased by Rs 1,231.33 crore to Rs 3,53,200.33 crore.

  9. Reliance Industries remained the highest valued company, followed by Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, State Bank of India, HDFC, Bharti Airtel and Kotak Mahindra Bank, based on current market capitalization rankings.

  10. The relentless selling of Indian stocks by foreign investors continued as they pulled just over Rs 25.2 billion from the Indian stock market in May so far.

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