
The combined market valuation of eight of India’s top-10 most valued companies declined by Rs 165501.49 crore last week with HDFC Bank seeing the major fall after a bearish trend in domestic equities in stock market. The BSE benchmark index dropped 1070.39 points or 1.30% during the week. While Tata Consultancy Services (TCS) and Infosys saw an increase in their market valuations other major firms including Reliance Industries HDFC Bank Bharti Airtel ICICI Bank State Bank of India (SBI) Life Insurance Corporation of India (LIC) Bajaj Finance and Hindustan Unilever Ltd recorded significant declines. The valuation of HDFC Bank tanked by Rs 47075.97 crore to Rs 1468777.88 crore. The market capitalisation (mcap) of ICICI Bank tumbled Rs 30677.44 crore to Rs 1010375.63 crore. The valuation of Reliance Industries dropped by Rs 21516.63 crore to Rs 1931963.46 crore and that of State Bank of India eroded by Rs 18250.85 crore to Rs 707186.89 crore. The mcap of Hindustan Unilever Ltd dived by Rs 16388.4 crore to Rs 544893.71 crore. Bharti Airtels valuation declined by Rs 15481.22 crore to Rs 1050413.33 crore and that of LIC went lower by Rs 13693.62 crore to Rs 593379.66 crore. However the market valuation of TCS jumped Rs 22215.06 crore to Rs 1247190.95 crore and the mcap of Infosys climbed Rs 15578.3 crore to Rs 665318.03 crore. In the top-10 list Reliance Industries Ltd remained the most valued firm followed by HDFC Bank TCS Bharti Airtel ICICI Bank State Bank of India Infosys LIC Bajaj Finance and Hindustan Unilever Ltd. (With Inputs From PTI)
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