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.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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