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Market capitalisation of 6 of top-10 firms decline Rs 1.55 lakh crore

Mumbai: The combined market valuation of 6 of the top-10 most-valued firms fell Rs 1,55,721.12 crore last week. Last week, the BSE Sensex declined 237.8 points, or 0.29 per cent. Top losers were Reliance Industries, Bharti Airtel, ICICI Bank, ITC, Hindustan Unilever and Life Insurance Corporation of India (LIC). Gainers were Tata Consultancy Services (TCS), HDFC Bank, Infosys, and the State Bank of India.

Market capitalisation or ‘market cap’ is a measure used to evaluate the total value of a publicly traded company. It is calculated by multiplying the current share price of the company by the total number of outstanding shares. In essence, market capitalisation represents the theoretical value of a company.

The  market valuation of Reliance Industries fell Rs 74,563.37 crore to Rs 17,37,556.68 crore. Bharti Airtel’s valuation dropped Rs 26,274.75 crore to Rs 8,94,024.60 crore. The market valuation of ICICI Bank slumped Rs 22,254.79 crore to Rs 8,88,432.06 crore and that of ITC tanked Rs 15,449.47 crore to Rs 5,98,213.49 crore.

Also Read: Commodity Market: Gold price decline sharply 

LIC’s market capitalisation (mcap) declined Rs 9,930.25 crore to Rs 5,78,579.16 crore and that of Hindustan Unilever went lower Rs 7,248.49 crore to Rs 5,89,160.01 crore.

However, the valuation of TCS jumped Rs 57,744.68 crore to Rs 14,99,697.28 crore. The mcap of Infosys soared Rs 28,838.95 crore to Rs 7,60,281.13 crore and that of State Bank of India climbed Rs 19,812.65 crore to Rs 7,52,568.58 crore. HDFC Bank added Rs 14,678.09 crore, taking its valuation to Rs 13,40,754.74 crore.

Reliance Industries remained the country’s most-valued firm, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, ITC, Hindustan Unilever, and LIC.

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