By Malvika Gurung
Investing.com -- A majority of India’s top 10 most-valued companies witnessed their net cumulative market valuation erode by Rs 1,02,280.51 crore last week, as the market ended with weekly losses.
India’s most valued company by market capitalization Reliance Industries (NS:RELI) took the biggest hit to its market valuation in the June 23-ended week, followed by the FMCG behemoth Hindustan Unilever (NS:HLL).
On the flip side, the country’s largest private sector lender HDFC Bank (NS:HDBK) witnessed the most wealth addition to its kitty in the week, followed by India’s largest IT services provider Tata Consultancy Services (NS:TCS).
While six companies witnessed their wealth get slashed in the past week, four market heavyweights added a combined Rs 64,086.2 crore to their market valuations last week, led majorly by the HDFC twins.
Indian equity benchmark indices Nifty50 and Sensex declined 0.85% and 0.64%, respectively during the week.
Here’s how the giants of the elite Big Boys club performed in the previous week.
- RIL’s m-cap plummeted by Rs 40,695.15 crore.
- HUL’s wealth nosedived by Rs 17,222.5 crore.
- State Bank of India’s (NS:SBI) valuation plunged by Rs 14,814.86 crore.
- Infosys’ (NS:INFY) wealth eroded by Rs 11,204.66 crore.
- ITC’s (NS:ITC) m-cap tanked by Rs 10,625.95 crore.
- ICICI Bank’s (NS:ICBK) valuation shed by Rs 7,717.39 crore.
- HDFC Bank’s kitty soared by Rs 23,525.6 crore.
- TCS’ valuation skyrocketed by Rs 15,441.19 crore.
- HDFC’s (NS:HDFC) m-cap surged Rs 13,821.74 crore.
- Bharti Airtel (NS:BRTI) witnessed its valuation surge by Rs 11,297.68 crore.