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8 companies’ market value tumbles by Rs 1.4 lakh crore in a week

NEW DELHI: Eight of the 10 most valued corporations witnessed a mixed erosion of Rs 1,38,976.88 crore of their market valuation final week, with Reliance Industries and HDFC Financial institution taking the largest hit.

Over the past week, the 30-share BSE benchmark declined 933.84 factors or 1.83 per cent.

From the top-10 pack, Tata Consultancy Companies (TCS) and Hindustan Unilever Restricted managed to shut the week with positive factors of their market valuation.

The market capitalisation of Reliance Industries tanked Rs 35,976.08 crore to Rs 13,19,808.41 crore. HDFC Financial institution’s valuation plunged Rs 30,061.52 crore to achieve Rs 8,25,024.73 crore and Kotak Mahindra Financial institution witnessed a decline of Rs 20,787.22 crore to Rs 3,62,953.84 crore.

The valuation of ICICI Financial institution dipped Rs 18,172.67 crore to achieve Rs 4,05,561.24 crore and that of Infosys tanked Rs 12,460.17 crore to Rs 5,73,104.03 crore.

State Financial institution of India’s valuation eroded by Rs 9,013.86 crore to Rs 3,31,192.33 crore and that of HDFC declined Rs 6,313.77 crore to Rs 4,56,678.43 crore.

The market capitalisation of Bajaj Finance declined by Rs 6,191.59 crore to Rs 3,28,524.59 crore.

In distinction, Hindustan Unilever added Rs 25,294.91 crore to take its valuation to Rs 5,43,560.03 crore and that of TCS rose by Rs 2,348.9 crore to Rs 11,33,111.91 crore.

Within the rating of top-10 corporations, Reliance Industries retained the title of probably the most valued firm, adopted by TCS, HDFC Financial institution, Infosys, Hindustan Unilever, HDFC, ICICI Financial institution, Kotak Mahindra Financial institution, State Financial institution and Bajaj Finance Restricted in that order.

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