The combined market valuation of seven of the 10 most valued firms eroded by ₹1.35 lakh crore last week, with Tata Consultancy Services (TCS) taking the biggest hit.
Last week, the BSE benchmark tanked 863.18 points or 1.05%.
TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Life Insurance Corporation of India (LIC) and Bajaj Finance faced a combined erosion of ₹1,35,349.93 crore from their market valuation last week.
However, Reliance Industries, HDFC Bank and Hindustan Unilever saw an increase in their mcap. Together, these three firms added ₹39,989.72 crore in market valuation.
The valuation of TCS tumbled ₹47,487.4 crore to ₹10,86,547.86 crore.
The market capitalisation (mcap) of Bharti Airtel eroded by ₹29,936.06 crore to ₹10,74,903.87 crore.
Bajaj Finance's valuation tanked ₹22,806.44 crore to ₹5,44,962.09 crore and that of Infosys dropped by ₹18,694.23 crore to ₹6,10,927.33 crore.
The mcap of State Bank of India declined by ₹11,584.43 crore to ₹7,32,864.88 crore.
ICICI Bank faced an erosion of ₹3,608 crore to ₹10,50,215.14 crore from its market valuation while LIC lost ₹1,233.37 crore to ₹5,59,509.30 crore.
However, Hindustan Unilever Ltd added ₹32,013.18 crore, taking its valuation to ₹5,99,462.97 crore.
The mcap of HDFC Bank jumped ₹5,946.67 crore to ₹15,44,025.62 crore and that of Reliance Industries Ltd climbed ₹2,029.87 crore to ₹18,85,885.39 crore.
Reliance Industries remained the most valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Hindustan Unilever, LIC and Bajaj Finance.
