New Delhi, Dec 28 (.) The combined market valuation of seven of the top-10 most valued firms declined by Rs 35,439.36 crore, with the State Bank of India taking the biggest hit, in line with a muted trend in equities, this week.
The market valuation of State Bank of India tumbled Rs 12,692.1 crore to Rs 8,92,046.88 crore.
Reliance Industries, Tata Consultancy Services (TCS), ICICI Bank, SBI, Bajaj Finance, Larsen & Toubro and Life Insurance Corporation of India (LIC) faced erosion in their valuation, while HDFC Bank, Bharti Airtel and Infosys were the winners.
In a rank-wise analysis, Reliance Industries remained the most valued firm, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Larsen & Toubro and LIC.
Reliance Industries’ valuation dropped by Rs 8,254.81 crore to Rs 21,09,712.48 crore.
The market capitalisation (mcap) of HDFC Bank jumped Rs 10,126.81 crore to Rs 15,26,765.44 crore and that of ICICI Bank edged lower by Rs 2,571.39 crore to Rs 9,65,669.15 crore.
Bajaj Finance faced an erosion of Rs 5,102.43 crore to take its market valuation to Rs 6,22,124.01 crore. The mcap of LIC diminished by Rs 1,802.62 crore to Rs 5,37,403.43 crore.
Larsen & Toubro declined by Rs 4,002.94 crore to Rs 5,56,436.22 crore while Bharti Airtel climbed Rs 5,359.98 crore to Rs 12,00,692.32 crore.
The mcap of Infosys surged Rs 6,626.62 crore to Rs 6,87,818.84 crore and that of Bharti Airtel climbed Rs 5,359.98 crore to Rs 12,00,692.32 crore.
The Indian stock market on Friday closed lower as investors locked in gains near record highs. At close, Sensex ended with a loss of 367 points, or 0.43%, at 85,041.45, while the Nifty 50 settled at 26,042.30, down 100 points, or 0.38%. . VK SAS .