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Market valuation: Mcap of six of top 10 firms tumbles by Rs 1.36 lakh crore; Reliance takes biggest hit

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NEW DELHI: Six of the country’s 10 most valued companies saw a combined erosion of Rs 1,36,151.24 crore in market capitalisation last week, dragged down by weak sentiment in equity markets, with Reliance Industries suffering the steepest loss. The BSE Sensex fell for the sixth straight week, shedding 742.12 points or 0.92 per cent, while the NSE Nifty declined by 202.05 points or 0.82 per cent.Reliance Industries’ mcap fell by Rs 34,710.8 crore to Rs 18,51,174.59 crore. HDFC Bank lost Rs 29,722.04 crore, taking its valuation to Rs 15,14,303.58 crore, while ICICI Bank dropped Rs 24,719.45 crore to Rs 10,25,495.69 crore. Infosys saw its market value decline by Rs 19,504.31 crore to Rs 5,91,423.02 crore, Bharti Airtel by Rs 15,053.55 crore to Rs 10,59,850.32 crore, and Hindustan Unilever by Rs 12,441.09 crore to Rs 5,87,021.88 crore. In contrast, Life Insurance Corporation of India (LIC) gained Rs 17,678.37 crore to reach Rs 5,77,187.67 crore. Tata Consultancy Services (TCS) rose by Rs 11,360.8 crore to Rs 10,97,908.66 crore, State Bank of India (SBI) added Rs 9,784.46 crore to Rs 7,42,649.34 crore, and Bajaj Finance gained Rs 186.43 crore to Rs 5,45,148.52 crore. In the ranking of most valued companies, Reliance Industries retained the top spot, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, Hindustan Unilever, LIC, and Bajaj Finance.

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