Big Boys Club: RIL’s M-Cap Tanks Rs 71k Crore, SBI Follows; TCS Adds Wealth

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Big Boys Club: RIL’s M-Cap Tanks Rs 71k Crore, SBI Follows; TCS Adds Wealth
Credit: © Reuters.

By Malvika Gurung -- The domestic market witnessed a bloodbath in Friday’s session with benchmarks recording their steepest single-day fall in four months, while the holiday-shortened week ended deep in the red.

Headline indices Nifty50 closed 1.61% lower at 17,604.35 points and Sensex slashing 874.16 points or 1.45% on Friday.

The country’s top 10 most-valued companies eroded a whopping Rs 2,16,092.54 crore from their combined market valuation last week, with the most-valued Indian firm Reliance Industries (NS: RELI ) taking the biggest hit to its wealth, followed by the largest public sector lender State Bank of India (NS: SBI ).

The IT behemoth Tata Consultancy Services (NS: TCS ), FMCG giant Hindustan Unilever (NS: HLL ) and ITC (NS: ITC ) were the only biggies in the elite club that added wealth to their market valuations in the disastrous week.

Here’s how the m-caps of giants of the elite Big Boys club performed in the Jan 27-ended week.

  • RIL’s valuation crashed by Rs 71,003.2 crore.
  • SBI’s wealth fell sharply by Rs 46,318.73 crore.
  • ICICI Bank’s (NS: ICBK ) m-cap slashed by Rs 36,836.03 crore.
  • HDFC Bank’s (NS: HDBK ) valuation shed Rs 24,899.93 crore.
  • Bharti Airtel (NS: BRTI ) lost Rs 23,747.55 crore from its kitty.
  • HDFC’s (NS: HDFC ) wealth eroded by Rs 10,257.28 crore.
  • Infosys’ (NS: INFY ) wealth tumbled by Rs 3,029.82 crore.
  • TCS’ valuation rallied by Rs 17,837.88 crore.
  • HUL’s m-cap jumped by Rs 14,931.65 crore.
  • ITC added Rs 13,591.48 crore to its wealth.

Read Also: Decoding Market Outlook & Overview: Union Budget, FOMC Key Triggers Next Week

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