Mcap of 3 of top 10 most-valued firms erodes by ₹82,082.91 cr; Reliance biggest laggard

(PTI) The combined market valuation of three of the top-10 most valued firms eroded by ₹82,082.91 crore last week, with Reliance Industries taking the biggest hit.

From the top-10 pack, Reliance Industries, HDFC Bank and State Bank of India were the three laggards, while Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever, Infosys, ITC, Bharti Airtel and Bajaj Finance were the gainers.

The combined gain of the seven firms stood at ₹67,814.1 crore.

Last week, the BSE benchmark declined 62.15 points or 0.09 per cent.

The market valuation of Reliance Industries fell by ₹58,690.9 crore to ₹16,71,073.78 crore.

HDFC Bank's valuation eroded by ₹20,893.12 crore to ₹11,81,835.08 crore and that of State Bank of India declined by ₹2,498.89 crore to ₹5,08,926 crore.

However, the market capitalisation (mcap) of Bajaj Finance jumped ₹21,025.39 crore to ₹4,36,788.86 crore.

The valuation of ICICI Bank rallied ₹13,716.34 crore to ₹6,79,267.17 crore and that of Infosys climbed ₹13,199.82 crore to ₹5,89,579.08 crore.

Bharti Airtel added ₹9,731.21 crore taking its mcap to ₹4,88,461.91 crore.

The mcap of TCS advanced ₹4,738.47 crore to ₹12,36,978.91 crore and that of Hindustan Unilever gained ₹2,972.23 crore to ₹6,03,222.31 crore.

The market valuation of ITC climbed ₹2,430.64 crore to ₹5,53,251.90 crore.

Reliance Industries continued to rule the top-10 most valued firms chart followed by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, Infosys, ITC, State Bank of India, Bharti Airtel and Bajaj Finance.