Market cap of 6 of top 10 valued firms erodes by ₹70,325.5 cr; check for winners and losers
The combined market valuation of six of India’s top-10 most valued companies eroded by ₹70,325.5 crore last week.
The downturn was a result of a bearish trend in the equity market, with the BSE benchmark Sensex dropping 0.74% or 626.01 points, PTI reported.
The week’s biggest losers
HDFC Bank and ICICI Bank were the worst-hit among the top 10 firms, mirroring the market downturn. Here are a few others:
- Bharti Airtel: Its market cap fell by ₹5,958.7 crore to ₹11,50,371.24 crore.
Winners amidst the dip
Despite the market downturn, some firms managed to ditch the trend and register gains in their market valuation. The following companies emerged as winners:
- Hindustan Unilever ltd (HUL): The market cap of this firm climbed ₹7,906.37 crore to ₹5,49,757.36 crore
- State Bank of India (SBI): The market valuation went up by ₹5,756.38 crore, bringing it to ₹7,24,545.28 crore in valuation.
Top-10 companies by market cap
Reliance Industries retained the title of the most valued firm of India, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, Bajaj Finance and Hindustan Unilever Ltd, the news agency reported.
