Mcap of eight of top-10 firms wears down by Rs 2.07 lakh cr; TCS, Airtel greatest laggards

INSUBCONTINENT EXCLUSIVE:
The combined market valuation of eight of the top 10 valued firms eroded by Rs 2.07 lakh crore (Rs 2,07,501.58 crore) last week, with Tata
Consultancy Services and Bharti Airtel emerging as the worst hit
Last week, the benchmark BSE Sensex dropped 932.42 points or 1.11 per cent
From the top 10 pack, only Bajaj Finance and Hindustan Unilever closed the week with gains in their valuation.Among major losers, the market
valuation of Tata Consultancy Services (TCS) tumbled Rs 56,279.35 crore to Rs 11,81,450.30 crore
Shares of TCS dropped nearly 3.50 per cent on Friday after its June quarter earnings failed to enthuse investors
Bharti Airtel's valuation eroded by Rs 54,483.62 crore to Rs 10,95,887.62 crore. Live Events The market valuation of Reliance Industries
dropped by Rs 44,048.2 crore to Rs 20,22,901.67 crore and that of Infosys by Rs 18,818.86 crore to Rs 6,62,564.94 crore
The market capitalisation (mcap) of ICICI Bank tanked Rs 14,556.84 crore to Rs 10,14,913.73 crore
The valuation of Life Insurance Corporation of India (LIC) diminished by Rs 11,954.25 crore to Rs 5,83,322.91 crore
The mcap of HDFC Bank declined by Rs 4,370.71 crore to Rs 15,20,969.01 crore and that of State Bank of India went lower by Rs 2,989.75 crore
to Rs 7,21,555.53 crore.However, the valuation of Hindustan Unilever Ltd jumped Rs 42,363.13 crore to Rs 5,92,120.49 crore
Shares of Hindustan Unilever Ltd (HUL) on Friday surged nearly 5 per cent after the company announced that Priya Nair will become its first
woman CEO and MD.The mcap of Bajaj Finance climbed Rs 5,033.57 crore to Rs 5,80,010.68 crore.Reliance Industries was the most valued firm,
followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, Bajaj Finance and Hindustan Unilever in that
order.