The market caps of eight of the top 10 firms have declined by more than Rs 2.48 lakh crore; TCS, HDFC Bank

The market valuation of 8 of the 10 most valuable companies saw a combined loss of Rs 2,48,372.97 crore in a weak broad market trend last week. Reliance Industries, Tata Consultancy Services, HDFC Bank were the worst hit.

Last week, the Sensex lost 2,041.96 points, or 3.72 percent.

While Reliance Industries, Tata Consultancy Services, HDFC Bank, Infosys, ICICI Bank, State Bank of India, HDFC and Bharti Airtel are lagging behind, Hindustan Unilever Limited and Kotak Mahindra Bank have emerged as profitable.

The market value of Reliance Industries fell by Rs 1,30,627.7 crore to Rs 16,42,568.98 crore.

State Bank of India’s market capitalization (mcap) decreased by Rs 35,073.72 crore to Rs 3,97,189.84 crore. ICICI Bank lost Rs 29,279.72 crore to Rs 4,70,856.80 crore and Infosys lost Rs 16,869.36 crore to Rs 6,32,432.92 crore.

HDFC Bank lost Rs 14,427.28 crore to Rs 7,16,641.13 crore and Bharti Airtel lost Rs 11,533.26 crore to Rs 3,78,620.36 crore.

Tata Consultancy Services’ Mcap fell by Rs 7,153.45 crore to Rs 12,48,998.89 crore and HDFC’s by Rs 3,408.48 crore to Rs 3,86,636.58 crore.

In contrast, Hindustan Unilever added Rs 10,514.42 crore to Rs 5,15,582.56 crore.

Kotak Mahindra Bank’s market capitalization increased by Rs 1,231.33 crore to Rs 3,53,200.33 crore.

In the ranking of top-10 companies, Reliance Industries is the most valuable company, followed by Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, State Bank of India, HDFC, Bharti Airtel and Bank.

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