Mcap of 6 of top 10 firms declines by Rs 68,417 cr; Airtel biggest laggard - Business News, Finance News, Share Market News - Market trendz

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Sunday 5 May 2024

Mcap of 6 of top 10 firms declines by Rs 68,417 cr; Airtel biggest laggard

themarkettrendz
The combined market valuation of six of the top-10 most valued firms declined by Rs 68,417.14 crore in a holiday-shortened last week, with Bharti Airtel and Reliance Industries taking the biggest hit. While Reliance Industries, Bharti Airtel, Life Insurance Corporation of India (LIC), Infosys, ITC and Hindustan Unilever were the laggards, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank and State Bank of India emerged as the gainers. Last week, the BSE benchmark climbed 147.99 points or 0.20 per cent. Domestic equity markets were closed on Wednesday on account of Maharashtra Day. The market capitalisation (mcap) of Bharti Airtel fell by Rs 27,635.65 crore to Rs 7,23,770.70 crore. The valuation of Reliance Industries declined by Rs 23,341.56 crore to Rs 19,40,738.40 crore. The mcap of LIC dropped by Rs 5,724.13 crore to Rs 6,19,217.27 crore, and that of Infosys went lower by Rs 5,686.69 crore to Rs 5,87,949.62 crore. ITC's valuation eroded by Rs 4,619.35 crore to Rs 5,44,64

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