The Sensex lost 376.79 points, or 0.52 per cent, as profit-booking continued in the previous week. The combined market valuation of three of the 10 most valued companies in the country rose by Rs 70,312.7 crore. At the same time, the combined loss of seven companies was Rs 68,783.2 crore.
Mukesh Ambani’s company Reliance Industries (RIL) has benefited the most in the stock market last week. Among the Sensex stocks, Reliance’s market capitalization has recorded the biggest jump. After rising to a record-breaking rally a week ago, the benchmark BSE Sensex fell 376.79 points, or 0.52 per cent, to 376.79 points or 0.52 per cent last week on profit-booking. The combined market valuation of three of the 10 most valued companies in the country rose by Rs 70,312.7 crore last week amid the ongoing volatility in the domestic stock market. Among them, Reliance Industries was at the forefront.
7 of the top-10 companies suffered losses
Last week, apart from Reliance Industries, HDFC Bank and Hindustan Unilever were in a profitable position. However, Tata Consultancy Services (TCS), ICICI Bank, Infosys, State Bank of India, ITC, Bharti Airtel and Life Insurance Corporation of India (LIC) among the top-10 companies suffered losses. The combined loss of these seven companies was Rs 68,783.2 crore.
Reliance earns Rs 47,021 crore profit
The market valuation of Reliance Industries, the country’s most valued firm, rose by Rs 47,021.59 crore to Rs 17,35,194.85 crore during this period. Hindustan Unilever’s valuation rose by Rs 12,241.37 crore to Rs 6,05,043.25 crore during this period. HDFC Bank’s valuation rose by Rs 11,049.74 crore to Rs 12,68,143.20 crore.
ICICI Bank suffers Rs 30,235 crore loss
However, ICICI Bank’s market capitalization declined by Rs 30,235.29 crore to Rs 6,97,095.53 crore. TCS’s valuation declined by Rs 12,715.21 crore to Rs 13,99,696.92 crore and SBI’s valuation declined by Rs 10,486.42 crore to Rs 5,68,185.42 crore. The valuation of Infosys declined by Rs 7,159.5 crore to Rs 6,48,298.04 crore and that of ITC declined by Rs 3,991.36 crore to Rs 5,67,645.03 crore. During this period, Bharti Airtel’s valuation declined by Rs 2,108.17 crore to Rs 5,56,134.58 crore and LIC’s by Rs 2,087.25 crore to Rs 5,01,635.57 crore.
Here are the top 10 companies
Reliance Industries retained its position as the most valued company in the ranking of top 10 companies. In the ranking of top-10 firms, RIL stood at number one position, followed by TCS, HDFC Bank, ICICI Bank, Infosys, HUL, SBI, ITC, Airtel and LIC.