INSUBCONTINENT EXCLUSIVE:
The combined market valuation of six of the top-10 valued firms eroded by Rs 70,325.5 crore last week, with HDFC Bank and ICICI Bank
emerging as the worst-hit in line with a bearish trend in equities
Last week, the BSE benchmark Sensex dropped 626.01 points or 0.74 per cent
In the top-10 pack, Reliance Industries, State Bank of India, Infosys and Hindustan Unilever Ltd were the gainers, while HDFC Bank, Tata
Consultancy Services (TCS), Bharti Airtel, ICICI Bank, Life Insurance Corporation of India (LIC) and Bajaj Finance faced erosion from their
market valuation.HDFC Bank's valuation declined by Rs 19,284.8 crore to Rs 15,25,339.72 crore
ICICI Bank lost Rs 13,566.92 crore in its market valuation which stood at Rs 10,29,470.57 crore
The valuation of Bajaj Finance dropped by Rs 13,236.44 crore to Rs 5,74,977.11 crore and that of LIC diminished by Rs 10,246.49 crore to Rs
5,95,277.16 crore.
Live Events TCS faced an erosion of Rs 8,032.15 crore from its market capitalisation (mcap) which stood at Rs
The mcap of Bharti Airtel fell by Rs 5,958.7 crore to Rs 11,50,371.24 crore
However, the market valuation of Reliance Industries jumped Rs 15,359.36 crore to Rs 20,66,949.87 crore.Infosys added Rs 13,127.51 crore in
its valuation to Rs 6,81,383.80 crore.The mcap of Hindustan Unilever climbed Rs 7,906.37 crore to Rs 5,49,757.36 crore and that of State
Bank of India went up by Rs 5,756.38 crore to Rs 7,24,545.28 crore.In the ranking of top-10 firms, Reliance Industries retained the title of
the most valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, Bajaj Finance and Hindustan
