Last week, the market valuation of four of the top-10 most valued firms in India fell by Rs 23,417.15 crore, with IT giants Infosys and Tata Consultancy Services (TCS) taking the biggest hit. The BSE benchmark advanced 540.9 points or 0.84% during that same period.
While Reliance Industries Ltd, TCS, Hindustan Unilever Ltd, and Infosys faced erosion in their market capitalization (mcap), HDFC Bank, ICICI Bank, ITC, Bharti Airtel, State Bank of India, and Bajaj Finance saw a combined addition of Rs 17,386.45 crore.
The market valuation of Infosys fell to Rs 5,68,064.77 crore, a Rs 8,465.09 crore decrease, while the mcap of TCS declined by Rs 6,604.59 crore to Rs 12,19,488.64 crore. Hindustan Unilever’s mcap decreased by Rs 5,133.85 crore to Rs 5,84,284.61 crore, and Reliance Industries saw a dip of Rs 3,213.62 crore, bringing its mcap to Rs 15,65,781.62 crore. However, the valuation of HDFC Bank jumped Rs 5,236.31 crore to Rs 11,31,079.20 crore.
ICICI Bank added Rs 3,520.92 crore to reach a market valuation of Rs 6,57,563.38 crore, ITC’s mcap climbed Rs 3,304.93 crore to reach Rs 5,44,004.63 crore, Bharti Airtel’s valuation surged Rs 2,669.67 crore to Rs 5,25,756.89 crore, and Bajaj Finance gained Rs 1,539.04 crore, reaching Rs 4,51,143.08 crore. Additionally, State Bank of India added Rs 1,115.58 crore to its market valuation, which rose to Rs 5,17,092.02 crore.
In the top-10 rankings, Reliance Industries retained the top spot, followed by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, Infosys, ITC, Bharti Airtel, State Bank of India, and Bajaj Finance.
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