Six of top 10 valued firms take Rs 68,417 crore hit in mcap; Airtel, LIC, ITC biggest laggards

The collective market capitalisation of six of the top ten most valuable companies slipped by Rs 68,417.14 crore in the past 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 gained 147.99 points, or 0.20 percent.
 
The Indian share market was 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 5,44,645.97 crore, and that of Hindustan Unilever dipped by Rs 1,409.76 crore to Rs 5,20,551.94 crore.

However, the mcap of State Bank of India climbed Rs 26,907.71 crore to Rs 7,42,126.11 crore.

ICICI Bank added Rs 24,651.55 crore, taking its valuation to Rs 8,02,401.77 crore.

The mcap of TCS rallied Rs 9,587.93 crore to Rs 13,89,110.43 crore, and that of HDFC Bank went up by Rs 6,761.25 crore to Rs 11,53,704.84 crore.

Reliance Industries remained the most valued firm from the top-10 pack, followed by TCS, HDFC Bank, ICICI Bank, State Bank of India, Bharti Airtel, LIC, Infosys, ITC and Hindustan Unilever.

(With inputs from agencies.)

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