By Malvika Gurung
Investing.com -- The domestic market opened the new week on a negative note, following weakness in Asian peers as protests in major Chinese cities against the country’s strict Covid-zero policies stoked concerns about the management of the virus in China while raising prospects of more economic disruption.
Further, a rising US dollar as investors strayed away from risk exerted pressure. INR opened lower at 81.77/$1. Benchmark indices Nifty50 and Sensex declined almost 0.45% each in the opening hours on Monday, while Nifty Bank slid over 0.5%.
The country’s top 10 most valued companies added a whopping Rs 79,798.3 crore to their combined valuation last week.
IT behemoths Tata Consultancy (NS: TCS ) Services and Infosys (NS: INFY ) witnessed the biggest additions to their wealth in the week, followed by the oil-to-telecom conglomerate and the country’s most-valued company Reliance Industries (NS: RELI ).
Here’s how the m-caps of giants of the elite Big Boys club performed last week as per the latest figures.
- TCS’ valuation jumped by Rs 17,215.83 crore.
- Infosys’ m-cap rallied by Rs 15,946.6 crore.
- RIL’s valuation zoomed by Rs 13,192.5 crore.
- Hindustan Unilever (NS: HLL ) added Rs 12,535.07 crore to its m-cap.
- ICICI Bank's (NS: ICBK ) m-cap surged by Rs 6,463.34 crore.
- Bharti Airtel (NS: BRTI ) gained Rs 5,451.97 crore in its valuation.
- State Bank Of India's (NS: SBI ) valuation gained Rs 4,283.81 crore.
- HDFC (NS: HDFC ) added Rs 2,674.47 crore to its market capitalization.
- HDFC Bank's (NS: HDBK ) m-cap advanced by Rs 2,034.73 crore.
- Adani Enterprises’ (NS: ADEL ) valuation plunged by Rs 13,281.01 crore.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.