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Nine of the top-10 most valuable Mcaps declined by ₹1.22 lakh crore last week

 


Last week, the 30-share BSE benchmark fell 843.86 points or 1.36%.

Nine of the top-10 most valued firms suffered a combined erosion of ₹1,22,092.9 crore in market valuation last week amid a weak trend in equities, with Reliance Industries emerging as the biggest loser.

Last week, the 30-share BSE benchmark fell 843.86 points or 1.36%.

Barring HDFC Bank, nine companies including Tata Consultancy Services (TCS), Infosys, ICICI Bank and Hindustan Unilever saw a decline in market valuation.

Reliance Industries' valuation fell ₹29,767.66 crore to ₹17,35,405.81 crore.

TCS suffered a fall in its market valuation from ₹19,960.12 crore to ₹11,84,837.43 crore.

ICICI Bank's valuation fell ₹19,722.3 crore to ₹6,29,380.54 crore and that of Infosys fell ₹19,567.57 crore to ₹6,40,617.19 crore.

The market capitalization (MCAP) of Hindustan Unilever declined ₹11,935.92 crore to ₹6,27,434.85 crore and that of State Bank of India declined ₹11,735.86 crore to ₹5,38,421.83 crore.

The mcap of Bharti Airtel declined ₹7,204.38 crore to ₹4,57,325.46 crore and that of Adani Enterprises declined ₹1,903.8 crore to ₹4,53,617.85 crore.

The mcap of HDFC fell ₹295.29 crore to ₹4,86,460.48 crore.

However, HDFC Bank added ₹4,126.18 crore taking its valuation to ₹9,13,726.29 crore.

Reliance Industries remained the most valued domestic firm followed by TCS, HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever, State Bank of India, HDFC, Bharti Airtel and Adani Enterprises. PTI Yoga HVA

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