Mcap of 7 of the 10 most valuable companies declines by more than 1.14 lakh cr

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The combined market valuation of seven of the 10 most valuable companies fell 1,14,201.53 crore last week, pulled down by Hindustan twins Unilever and HDFC.

Last week, the benchmark BSE index fell by 501.73 points or 0.86%.

While HDFC Bank, ICICI Bank, Hindustan Unilever Limited, State Bank of India, Bajaj Finance, HDFC and Bharti Airtel were among the top 10 laggards, Reliance Industries Limited, Tata Consultancy Services and Infosys were the three winners.

Hindustan Unilever’s market valuation plummeted 34,785.7 crores to be reached 4,59,121.88 crore.

HDFC Bank’s valuation plummets 26,891.57 crore to 7,93,855.60 crore.

The valuation of HDFC eroded by 20,348.29 crore to 4,17,511.38 crore and that of ICICI Bank plunged 14,372.87 crore to 4 85,801.96 crores.

Market capitalization (mcap) of State Bank of India decreased by 10,174.05 crore to 4,37,618.33 crore and that of Bharti Airtel fell by 7,441.7 crore to 3 89,522.03 crore.

Bajaj Finance’s valuation plummeted 187.35 crore to 4 22,138.56 crores.

In contrast, Reliance Industries added 79,188.07 crore bringing its valuation to 17,56,635.40 crore.

Tata Consultancy Services valuation jumps 12,114.39 crore to 13,71,589.75 crore.

Infosys’ market capitalization also increased 9,404.12 crore to 7 89,352.44 crore.

In the ranking of the 10 most valued companies, Reliance Industries topped the chart, followed by Tata Consultancy Services, HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever, State Bank of India, Bajaj Finance, HDFC and Bharti Airtel. PTI SUM MR

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