Market Capitalisation of 8 Top Firms Drops ₹2.24 Lakh Crore

New Delhi: The combined market valuation of eight of India’s top-10 most-valued firms fell by ₹2,24,630.45 crore last week, reflecting a bearish trend in equities. Reliance Industries and HDFC Bank suffered the largest declines.

The BSE benchmark dropped 1,497.2 points, or 1.84%, over the week. Firms that saw a valuation erosion included Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, and LIC, while TCS and Hindustan Unilever recorded gains.

Valuation changes:

Reliance Industries: down ₹70,707.17 crore to ₹18,36,424.20 crore

HDFC Bank: down ₹47,482.49 crore to ₹14,60,863.90 crore

ICICI Bank: down ₹27,135.23 crore to ₹9,98,290.96 crore

Bharti Airtel: down ₹24,946.71 crore to ₹10,77,213.23 crore

LIC: down ₹23,655.49 crore to ₹5,39,047.93 crore

State Bank of India: down ₹12,692.10 crore to ₹7,40,618.60 crore

Bajaj Finance: down ₹10,471.08 crore to ₹5,45,490.31 crore

Infosys: down ₹7,540.18 crore to ₹6,10,463.94 crore

On the upside:

TCS: up ₹11,125.62 crore to ₹11,15,962.91 crore

Hindustan Unilever: up ₹7,318.98 crore to ₹6,24,991.28 crore

Reliance Industries remains the most valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Hindustan Unilever, Infosys, Bajaj Finance, and LIC.