The top 10 most-valued firms lost a cumulative Rs 6,837.6 crore in market valuation on Wednesday, with Reliance Industries Ltd. and State Bank of India emerging as the biggest losers.
The market capitalisation of RIL declined Rs 8,998.5 crore to Rs 17.3 lakh crore. SBI lost Rs 5,265.5 crore, with its market cap falling to Rs 7.69 lakh crore.
HDFC Bank Ltd. and ICICI Bank Ltd. lost Rs 3,814.3 crore and Rs 2,078.5 crore respectively. Tata Consultancy Services Ltd. and Larsen & Toubro Ltd. lost Rs 1,845.2 crore and Rs 880 crore respectively. ITC Ltd. also lost Rs 250.2 crore, with its market cap falling to Rs 5.82 lakh crore.
The market cap of Infosys Ltd. rose Rs 10,629.5 crore to Rs 8.2 lakh crore, while that of Bharti Airtel gained Rs 4,725.3 crore to Rs 9.03 lakh crore. Hindustan Unilever Ltd.'s market cap also rose Rs 939.8 crore to Rs 5.64 lakh crore.
RIL remained the most-valued firm, followed by TCS, HDFC Bank, ICICI Bank, Airtel, Infosys, SBI, ITC, HUL, and HCL Technologies Ltd.
The NSE Nifty 50 ended its three-session decline, while the BSE Sensex posted gains for the second consecutive day on Wednesday. Investors remained cautious ahead of key inflation data from the US later in the day and from India the following day.
The Nifty closed 31.75 points, or 0.13%, higher at 24,641.8, while the Sensex rose 16.09 points, or 0.02%, to finish at 81,526.14.
Shares of Infosys, Bajaj Finance Ltd., Trent Ltd., Airtel and UltraTech Cement Ltd. contributed the most to the gains in the Nifty. RIL, HDFC Bank, SBI, ICICI Bank and Axis Bank Ltd. capped the upside in the index.
The market breadth favoured the bulls, with 2,144 stocks advancing, 1,839 declining and 113 remaining unchanged on the BSE.
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