HDFC Twins, SBI, Bharti Airtel - 4 of top 10 valued Indian firms lose Rs 56,006 crore in market valuation

Market Capitalisation: The combined market capitalisation (mcap) of four of the top 10 valued companies listed on the BSE faced a combined loss of Rs 56,006.15 crore last week with HDFC twins taking the biggest hit. 

The four companies that suffered a decline in their valuation include HDFC Bank, State Bank of India, HDFC, and Bharti Airtel. 

Last week, the 30-share BSE benchmark fell by 58.15 points or 0.09 per cent. 

Shares of HDFC twins fell sharply on Friday amid reports that the merged HDFC entity could see a significant fund outflow. 

The market valuation of HDFC Bank tumbled Rs 34,547.61 crore to Rs 9,07,505.07 crore, the most among the top 10 firms. HDFC's mcap eroded by Rs 13,584.9 crore to Rs 4,95,541.41 crore.

Bharti Airtel's valuation fell by Rs 6,356.46 crore to Rs 4,39,153.22 crore. And the mcap of State Bank of India declined by Rs 1,517.18 crore to Rs 5,14,370.01 crore. 

Meanwhile, Reliance Industries, Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever Limited, ITC, and Infosys were the gainers, with a combined addition of Rs 44,540.05 crore in their market capitalisation. 

Reliance Industries added Rs 14,279.06 crore, taking its valuation to Rs 16,51,687.33 crore. 

The mcap of Hindustan Unilever jumped from Rs 10,949.09 crore to Rs 5,87,632.77 crore and that of ICICI Bank climbed from Rs 6,583.1 crore to Rs 6,47,532.81 crore. 

The market valuation of TCS rallied from Rs 5,433.69 crore to Rs 11,82,184.61 crore and that of ITC advanced from Rs 4,598.37 crore to Rs 5,32,975.54 crore.

 The mcap of Infosys went up by Rs 2,696.74 crore to Rs 5,22,358.84 crore. 

In the ranking of top 10 firms, Reliance Industries retained the tag of the most valued company, followed by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, ITC, Infosys, State Bank of India, HDFC, and Bharti Airtel. 

(With PTI Inputs)