Last week, eight of the top-10 most valuable companies collectively lost Rs 1,28,913.5 crore in market value, with IT giants Tata Consultancy Services (TCS) and Infosys leading the decline amid a weak equities market.
TCS experienced the largest drop, with its market capitalization falling by Rs 37,971.83 crore to Rs 15,49,626.88 crore.
Infosys saw its valuation decrease by Rs 23,811.88 crore, bringing its market cap to Rs 7,56,250.47 crore.
ITC’s market cap dropped by Rs 16,619.51 crore to Rs 6,11,423.11 crore, while State Bank of India’s valuation fell by Rs 13,431.54 crore to Rs 7,56,717.85 crore.
Reliance Industries Limited’s valuation declined by Rs 13,125.49 crore to Rs 20,28,695.57 crore.
Bharti Airtel’s market cap decreased by Rs 11,821.5 crore to Rs 8,50,389.88 crore, and ICICI Bank’s valuation diminished by Rs 7,843.75 crore to Rs 8,42,176.78 crore.
Hindustan Unilever’s valuation fell by Rs 4,288 crore to Rs 6,32,862.41 crore.
On the positive side, HDFC Bank’s market cap rose by Rs 32,759.37 crore to Rs 12,63,601.40 crore, and Life Insurance Corporation of India (LIC) saw its valuation increase by Rs 1,075.25 crore to Rs 7,47,677.98 crore.
Last week, the BSE benchmark declined by 350.77 points or 0.43%. In the rankings of the most valued firms, Reliance Industries remained at the top, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, Hindustan Unilever, and ITC.
