Mcap of six of top-10 most valued firms declines by ₹1.73 lakh crore; HDFC, LIC major laggards

The combined market valuation of six of the top-10 most valued firms eroded by ₹1,73,097.59 crore last week, with HDFC Bank and Life Insurance Corporation of India taking the maximum hit in line with weak equities.

The combined market valuation of six of the top-10 most valued firms eroded by ₹1,73,097.59 crore last week, with HDFC Bank and Life Insurance Corporation of India taking the maximum hit in line with weak equities.

Also read:Mcap of 7 most valued firms climbs ₹67,260 crore; Reliance top gainerLast week, the BSE benchmark tanked 1,213.68 points or 1.64 per cent.

The market valuation of HDFC Bank slumped ₹60,678.26 crore to ₹10,93,026.58 crore.

LIC's valuation tanked ₹43,168.1 crore to ₹5,76,049.17 crore.

Reliance Industries faced an erosion of ₹36,094.96 crore to ₹19,04,643.44 crore from its market valuation.

The market capitalisation (mcap) of ICICI Bank declined by ₹17,567.94 crore to ₹7,84,833.83 crore and that of State Bank of India went lower by ₹11,780.49 crore to ₹7,30,345.62 crore.

ITC's valuation dipped by ₹3,807.84 crore to ₹5,40,838.13 crore.

However, the mcap of Hindustan Unilever climbed ₹33,270.22 crore to ₹5,53,822.16 crore.

Tata Consultancy Services (TCS) added ₹20,442.2 crore, taking its valuation to ₹14,09,552.63 crore.

The mcap of Bharti Airtel rallied by ₹14,653.98 crore to ₹7,38,424.68 crore and that of Infosys went up by ₹3,611.26 crore to ₹5,91,560.88 crore.

Also read:Mcap of 5 of top 10 firms tanks ₹2.23 lakh crore; Reliance, LIC biggest laggardsReliance Industries remained the most valued firm, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, LIC, Hindustan Unilever and ITC.

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