M-cap of eight biggest firms falls over Rs 2.48 trn; Reliance biggest drag

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Eight of the 10 most valued companies suffered a combined erosion of Rs 2,48,372.97 crore in their market valuation last week in line with a weak broader market trend, with taking the biggest hit.

Last week, Sensex lost 2,041.96 points or 3.72 per cent.



While Reliance Industries, Tata Consultancy Services, Bank, Infosys, ICICI Bank, State Bank of India, and Bharti Airtel were the laggards, Hindustan Unilever Limited and Kotak Mahindra Bank emerged as gainers.

The market valuation of tumbled Rs 1,30,627.7 crore to reach Rs 16,42,568.98 crore. State Bank of India’s

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(mcap) tanked Rs 35,073.72 crore to Rs 3,97,189.84 crore. The valuation of ICICI Bank plummeted by Rs 29,279.72 crore to Rs 4,70,856.80 crore and that of Infosys eroded by Rs 16,869.36 crore to Rs 6,32,432.92 crore.



Bank’s market valuation diminished by Rs 14,427.28 crore to Rs 7,16,641.13 crore and that of Bharti Airtel declined by Rs 11,533.26 crore to Rs 3,78,620.36 crore.

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The mcap of Tata Consultancy Services went lower by Rs 7,153.45 crore to Rs 12,48,998.89 crore and that of HDFC fell by Rs 3,408.48 crore to Rs 3,86,636.58 crore.

In contrast, Hindustan Unilever added Rs 10,514.42 crore taking its valuation to Rs 5,15,582.56 crore. The of Kotak Mahindra Bank jumped Rs 1,231.33 crore to Rs 3,53,200.33 crore.

In the ranking of top-10 firms, remained the most valued firm, followed by Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, State Bank of India, HDFC, Bharti Airtel and Kotak Mahindra Bank.

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