Six of top-10 firms shed ₹49,231 crore in m-cap; HUL biggest drag

The combined market valuation of six of the 10 most valued firms eroded by ₹49,231.44 crore last week, with FMCG major Hindustan Unilever taking the biggest hit. The 30-share BSE Sensex declined 159.18 points or 0.26% last week. 

Bharti Airtel, ITC, ICICI Bank, and HDFC twins were the other laggards from the top-10 list, while TCS, SBI, Reliance Industries, and Infosys posted gains.

However, the combined market valuation gain of the four firms at ₹35,840.35 crore was less than the total loss suffered by the six companies.

The market valuation of Hindustan Unilever plummeted by ₹15,918.48 crore to reach ₹6,05,759.87 crore.      

The market capitalization (mcap) of Bharti Airtel tanked by ₹12,540.63 crore to ₹4,29,474.82 crore and that of ITC plunged by ₹11,420.89 crore to ₹4,60,932.38 crore. ICICI Bank lost ₹6,863.37 crore to stand at ₹5,95,885.63 crore.      

The mcap of HDFC Bank dipped by ₹1,255 crore to ₹9,23,933.45 crore and that of HDFC fell ₹1,233.07 crore to stand at ₹4,91,080 crore.      

From the gainers’ pack, TCS added ₹19,612.52 crore, taking its valuation to ₹12,93,639.32 crore. State Bank of India’s (SBI) mcap jumped ₹7,585.92 crore to reach ₹4,93,486.41 crore.      

The valuation of index heavyweight Reliance Industries climbed ₹4,938.8 crore to ₹15,80,653.94 crore and that of Infosys increased ₹3,703.11 crore to ₹6,76,638.36 crore.      

In the ranking of the most valued Indian firms, Reliance Industries retained its top spot, followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, SBI, HDFC, ITC, and Bharti Airtel.

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