Mcap of seven of top 10 firms declines 62,279 crore; Reliance biggest laggard

Updated: 03 Sep 2023, 12:09 PM IST
TL;DR.

Market valuation of top 10 firms fell by 62,279.74 crore, with Reliance Industries taking the biggest hit.

The market valuation of Reliance Industries fell by 38,495.79 crore to 16,32,577.99 crore.

(PTI) The combined market valuation of seven of the top 10 valued firms eroded by 62,279.74 crore last week, with Reliance Industries taking the biggest hit.

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

The market valuation of Reliance Industries fell by 38,495.79 crore to 16,32,577.99 crore.

Hindustan Unilever's valuation tumbled 14,649.7 crore to 5,88,572.61 crore and that of Bharti Airtel declined by 4,194.49 crore to 4,84,267.42 crore.

The market capitalisation (mcap) of ITC went lower by 3,037.83 crore to 5,50,214.07 crore and that of ICICI Bank dipped 898.8 crore to 6,78,368.37 crore.

The mcap of TCS diminished by 512.27 crore to 12,36,466.64 crore and that of State Bank of India dropped by 490.86 crore to 5,08,435.14 crore.

However, the valuation of HDFC Bank jumped 10,917.11 crore to 11,92,752.19 crore and that of Infosys rallied by 9,338.31 crore to 5,98,917.39 crore.

The mcap of Bajaj Finance climbed 6,562.1 crore to 4,43,350.96 crore.

Last week, the BSE benchmark jumped 500.65 points or 0.77 per cent.

In the ranking of top 10 firms, Reliance Industries remained the most valued firm followed by TCS, HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever, ITC, State Bank of India, Bharti Airtel and Bajaj Finance.

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First Published: 03 Sep 2023, 12:09 PM IST