Eight of India's top-10 firms mcap tumbles: Rs 2.24 lakh crore wiped off; Reliance, HDFC hit hardest

Eight of the top-10 highest valued companies saw their combined market value decrease by Rs 2,24,630.45 crore in the previous week, with Reliance Industries and HDFC Bank experiencing the largest declines, following the negative trend in equities.

The BSE benchmark index declined by 1,497.2 points, or 1.84 per cent last week.

Among the top-10 companies, eight firms - Reliance Industries, HDFC Bank, Bharti Airtel , ICICI Bank , State Bank of India, Infosys, Bajaj Finance and Life Insurance Corporation of India (LIC) - witnessed reductions in their market value. Only Tata Consultancy Services (TCS) and Hindustan Unilever registered gains.

Key changes

• Reliance Industries' market capitalisation (mcap) decreased by Rs 70,707.17 crore to Rs 18,36,424.20 crore.
• HDFC Bank experienced a reduction of Rs 47,482.49 crore, bringing its value to Rs 14,60,863.90 crore.
• ICICI Bank's mcap reduced by Rs 27,135.23 crore to Rs 9,98,290.96 crore, whilst Bharti Airtel's value decreased by Rs 24,946.71 crore to Rs 10,77,213.23 crore.
• LIC's valuation declined by Rs 23,655.49 crore to Rs 5,39,047.93 crore, and State Bank of India's value decreased by Rs 12,692.1 crore to Rs 7,40,618.60 crore.
• Bajaj Finance saw its mcap reduce by Rs 10,471.08 crore to Rs 5,45,490.31 crore, while Infosys recorded a decrease of Rs 7,540.18 crore to Rs 6,10,463.94 crore.
• Conversely, TCS's market value increased by Rs 11,125.62 crore to Rs 11,15,962.91 crore.
• Hindustan Unilever's mcap rose by Rs 7,318.98 crore to Rs 6,24,991.28 crore.

In terms of market value ranking, Reliance Industries maintained its top position, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Hindustan Unilever, Infosys, Bajaj Finance and LIC.