Mcap of 6 of top-10 most valued firms falls by ₹94,433 crore; TCS, Reliance biggest laggards
Tata Consultancy Services (TCS) and Reliance Industries were the hardest hit as the BSE benchmark index fell by 742.74 points, or 0.90%.
Reliance Industries, HDFC Bank, TCS, Bharti Airtel, Infosys, and Hindustan Unilever all saw a decline in their market valuations. TCS recorded the steepest fall, with a drop of ₹ 27,334.65 crore, bringing its market value to ₹ 11,54,115.65 crore.
Reliance Industries' valuation shrank by ₹ 24,358.45 crore to ₹ 19,98,543.22 crore, while HDFC Bank's mcap fell by ₹ 20,051.59 crore to ₹ 15,00,917.42 crore.
Bharti Airtel lost ₹ 11,888.89 crore in market value, settling at ₹ 10,83,998.73 crore. Hindustan Unilever and Infosys saw their valuations fall by ₹ 7,330.72 crore and ₹ 3,468.82 crore, respectively.
In contrast, four firms posted gains. State Bank of India led the gainers with an increase of ₹ 13,208.44 crore, reaching a market cap of ₹ 7,34,763.97 crore. Bajaj Finance rose by ₹ 5,282.15 crore, ICICI Bank added ₹ 3,095 crore, and LIC's valuation went up by ₹ 506 crore.
Among the top-10 most valued companies, Reliance Industries remained the leader, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever, and LIC.
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