Reliance Industries, TCS, HDFC Bank, ITC - 7 of top-10 most-valued firms lose Rs 65,656 crore in market valuation

Market Capitalisation: The combined market capitalisation of seven of the 10 most valued companies listed on the BSE witnessed a combined erosion of Rs 65,656.36 crore in an overall weak trend in equities last week. Reliance Industries has suffered the most amid a muted trend in domestic equities.

The seven companies that suffered a decline in their valuation include Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, ITC, Infosys, and HDFC.

It should be noted that Hindustan Unilever, State Bank of India, and Bharti Airtel witnessed an increase in their market valuations.

Last week, the BSE benchmark gained 45.42 points or 0.07 per cent, and the Nifty climbed 34.75 points or 0.18 per cent.

The market valuation of Reliance Industries eroded by Rs 34,910.54 crore to Rs 16,60,923.11 crore. ICICI Bank's valuation tumbled by Rs 9,355.65 crore to Rs 6,55,197.93 crore and that of Infosys fell by Rs 7,739.51 crore to Rs 5,38,923.48 crore.

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The market capitalisation (mcap) of TCS declined by Rs 7,684.01 crore to Rs 12,10,414.19 crore and that of HDFC Bank dived by Rs 5,020.13 crore to Rs 8,97,722.23 crore.

ITC's valuation dipped by Rs 621.4 crore to Rs 5,50,809.75 crore and that of HDFC went lower by Rs 325.12 crore to Rs 4,88,141.04 crore.

However, Hindustan Unilever added Rs 15,213.6 crore to its value, taking its valuation to Rs 6,38,231.22 crore.

Bharti Airtel's mcap jumped Rs 10,231.92 crore to Rs 4,66,263.37 crore and that of State Bank of India climbed Rs 1,204.82 crore to Rs 5,24,053.21 crore.

In the ranking of top-10 firms, Reliance Industries retained No.1 rank, followed by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, ITC, Infosys, State Bank of India, HDFC, and Bharti Airtel.

(With PTI inputs)