Last week, the combined market valuation of eight of the top-10 most valued firms eroded by Rs 2,24,630.45 crore. Reliance Industries and HDFC Bank took the biggest hit.
The market capitalisation (mcap) of Reliance Industries tumbled Rs 70,707.17 crore to Rs 18,36,424.20 crore. HDFC Bank’s valuation eroded from Rs 47,482.49 crore to Rs 14,60,863.90 crore.
Notably, from the pack of 10, Tata Consultancy Services (TCS) and Hindustan Unilever were the gainers while Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, and Life Insurance Corporation of India (LIC) faced erosion.
Reliance Industries remained the most valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Hindustan Unilever, Infosys, Bajaj Finance, and LIC.
The mcap of ICICI Bank tanked Rs 27,135.23 crore to Rs 9,98,290.96 crore, and that of State Bank of India dived Rs 12,692.1 crore to Rs 7,40,618.60 crore.
The valuation of LIC fell by Rs 23,655.49 crore to Rs 5,39,047.93 crore, and Bajaj Finance declined by Rs 10,471.08 crore to Rs 5,45,490.31 crore.
Infosys edged lower by Rs 7,540.18 crore to Rs 6,10,463.94 crore. However, the market valuation of TCS jumped Rs 11,125.62 crore to Rs 11,15,962.91 crore.
Bharti Airtel dropped Rs 24,946.71 crore to Rs 10,77,213.23 crore, while the mcap of Hindustan Unilever climbed Rs 7,318.98 crore to Rs 6,24,991.28 crore.
Last week, the BSE benchmark dropped 1,497.2 points, or 1.84 per cent.
On Friday, at close, the Sensex was down 270.92 points or 0.34 per cent at 79,809.65, and the Nifty was down 74.05 points or 0.30 per cent at 24,426.85. BSE Midcap index shed 0.4 per cent and the smallcap index was down 0.3 per cent.