Five of the top 10 valued firms faced a combined erosion of â¹2,23,660 crore from their market valuation last week, with Reliance Industries and Life Insurance Corporation of India taking the steepest hit amid an overall bearish trend in equities.
Last week, the BSE benchmark tanked 1,475.96 points or 1.99 per cent.
While Reliance Industries, ICICI Bank, State Bank of India, Life Insurance Corporation of India (LIC) and Hindustan Unilever suffered erosion from their market capitalisation (mcap), Tata Consultancy Services (TCS), HDFC Bank, Bharti Airtel, Infosys and ITC were the gainers.
The mcap of Reliance Industries tanked â¹81,763.35 crore to â¹19,19,595.15 crore.
Reliance Industries continued to rule the chart of the most valued firms followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, Infosys, State Bank of India, LIC, Hindustan Unilever and ITC.
LIC‘s market valuation tumbled â¹63,629.48 crore to â¹5,84,967.41 crore and that of State Bank of India plummeted by â¹50,111.7 crore to â¹6,53,281.59 crore.
The mcap of Hindustan Unilever dropped by â¹21,792.46 crore to â¹5,46,961.35 crore and that of ICICI Bank dived â¹6,363.11 crore to â¹7,57,218.19 crore.
However, the market valuation of TCS jumped â¹38,858.26 crore to â¹15,25,928.41 crore.
Bharti Airtel added â¹11,976.74 crore to its mcap at â¹6,89,425.18 crore.
The valuation of ITC climbed â¹7,738.51 crore to â¹5,23,660.08 crore and that of Infosys went up by â¹7,450.22 crore to â¹6,78,571.56 crore.
HDFC Bank‘s mcap surged â¹4,443.9 crore to â¹11,03,151.78 crore.
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