Mcap of 7 of top-10 valued firms falls by ₹1.35 lakh crore; TCS, Bharti Airtel biggest laggards
During the same week, the BSE benchmark index dropped by 863.18 points, or 1.05%.
TCS, Bharti Airtel, ICICI Bank, State Bank of India (SBI), Infosys, Life Insurance Corporation of India (LIC), and Bajaj Finance together saw their market value shrink by ₹ 1,35,349.93 crore.
In contrast, Reliance Industries, HDFC Bank, and Hindustan Unilever witnessed a rise in their market capitalisation, collectively gaining ₹ 39,989.72 crore.
TCS's valuation plummeted by ₹ 47,487.4 crore, bringing it down to ₹ 10,86,547.86 crore.
Bharti Airtel's market value declined by ₹ 29,936.06 crore to ₹ 10,74,903.87 crore, while Bajaj Finance lost ₹ 22,806.44 crore, ending at ₹ 5,44,962.09 crore. Infosys also suffered a loss of ₹ 18,694.23 crore, reducing its valuation to ₹ 6,10,927.33 crore.
The market cap of SBI fell by ₹ 11,584.43 crore to ₹ 7,32,864.88 crore. ICICI Bank's valuation dipped ₹ 3,608 crore to ₹ 10,50,215.14 crore, and LIC saw a reduction of ₹ 1,233.37 crore to ₹ 5,59,509.30 crore.
On the other hand, Hindustan Unilever added ₹ 32,013.18 crore, taking its valuation to ₹ 5,99,462.97 crore. HDFC Bank's mcap increased by ₹ 5,946.67 crore to ₹ 15,44,025.62 crore, while Reliance Industries gained ₹ 2,029.87 crore, reaching ₹ 18,85,885.39 crore.
Reliance Industries continued to hold the top spot in terms of market value, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, Hindustan Unilever, LIC, and Bajaj Finance.
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