The top 10 most-valued firms lost a cumulative Rs 10,638 crore in market valuation on Friday, with Reliance Industries Ltd. and HDFC Bank Ltd. emerging as the biggest losers.
RIL witnessed the steepest decline among the top 10 most-valued firms with a loss of Rs 8,389 crore, bringing its market cap down to Rs 16.5 lakh crore. HDFC Bank saw a reduction of Rs 5,607 crore in its market cap, which stands at Rs 13.7 lakh crore now.
Tata Consultancy Services Ltd. and ITC Ltd. fell Rs 3,762 crore and Rs 1,876 crore respectively. Infosys Ltd.'s market cap dropped Rs 685 crore to Rs 7.91 lakh crore, while Hindustan Unilever Ltd. saw a decrease of Rs 657 crore, bringing its market cap to Rs 5.48 lakh crore.
Bharti Airtel Ltd. and HCL Technologies Ltd. gained Rs 8,881 crore and Rs 1,031 crore in market capitalisation respectively. State Bank of India and ICICI Bank Ltd. also added Rs 8,881 crore and Rs 1,031 crore respectively to their market cap.
RIL retained its position as the most-valued firm, followed by TCS, HDFC Bank, Airtel, ICICI Bank, Infosys, SBI, HUL, ITC, and HCLTech.
After opening higher, the benchmark equity indices saw a muted close on the day of 2024's last monthly derivatives contract expiry of the Nifty index on Thursday.
Adani Ports and Special Economic Zone Ltd. contributed the most to the gains, while heavyweights HDFC Bank Ltd. and Reliance Industries Ltd. dragged.
There was a lack of triggers from around the globe as most markets were closed on account of the Boxing Day holiday.
The NSE Nifty 50 ended 0.10% or 22.55 points up at 23,750.20 and the BSE Sensex closed flat or 39 points lower at 78,472.48. During the day, both the indices had risen around 0.5%.
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