The combined market capitalization of seven out of the ten most valued companies declined by ₹1.35 lakh crore last week, with Tata Consultancy Services (TCS) experiencing the steepest fall.
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.
Top gainers and losers
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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