In the holiday-shortened week, the BSE benchmark saw a drop of 982.56 points, equivalent to 1.37 percent.
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Among the top 10 companies by market value, Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Life Insurance Corporation of India (LIC), Hindustan Unilever, ITC, and State Bank of India experienced declines, while ICICI Bank, Infosys, and Bharti Airtel emerged as winners.
HDFC Bank’s market valuation contracted by ₹32,661.45 crore, settling at ₹10,90,001.31 crores.
LIC’s valuation saw a decline from ₹20,682.74 crores, reaching ₹5,71,337.04 crores.
TCS has witnessed an erosion of ₹19,173.43 crore in market valuation, settling at ₹13,93,439.94 crore, while State Bank of India’s valuation plunged from ₹16,599.77 crore to ₹5,46,989.47 crores.
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The market capitalization of ITC decreased by ₹15,908.1 crore, reaching ₹5,68,262.28 crore, and Hindustan Unilever experienced a decline of ₹9,210.4 crore in valuation, settling at ₹5,70,974.17 crores.
Reliance Industries saw a decline of ₹1,928.22 crore in market capitalization, settling at ₹18,33,737.60 crores. However, Bharti Airtel’s market cap has increased ₹20,727.87 crores, reaching ₹6,52,407.83 crores.
Infosys added ₹9,151.75 crore to its valuation, reaching ₹6,93,457.65 crore, while ICICI Bank’s market capitalization climbed by ₹1,137.37 crore to ₹7,08,511.16 crores.
In the ranking of the most valued companies, Reliance Industries retained the top spot, followed by TCS, HDFC Bank, ICICI Bank, Infosys, Bharti Airtel, LIC, Hindustan Unilever, ITC, and State Bank of India.
(With inputs from PTI)
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Published: 28 Jan 2024, 11:24 IST