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M-caps of six of the top-10 firms declined by ₹49,231 crore; HUL biggest drag

 

Hindustan Unilever's market valuation fell ₹15,918.48 crore to ₹6,05,759.87 crore.


The combined market valuation of six of the 10 most valued firms declined by ₹49,231.44 crore last week, with FMCG major Hindustan Unilever being the biggest hit. The 30-share BSE Sensex fell 159.18 points or 0.26% last week.


Bharti Airtel, ITC, ICICI Bank and HDFC twins were the other laggards from the top-10 list, while TCS, SBI, Reliance Industries and Infosys posted gains.


However, the combined market valuation gain of the four firms was ₹35,840.35 crore, which was less than the total loss incurred by the six companies.


Hindustan Unilever's market valuation fell ₹15,918.48 crore to ₹6,05,759.87 crore.


The market capitalization (mcap) of Bharti Airtel declined ₹12,540.63 crore to ₹4,29,474.82 crore and that of ITC declined ₹11,420.89 crore to ₹4,60,932.38 crore. ICICI Bank stood at ₹5,95,885.63 crore with a loss of ₹6,863.37 crore.


The mcap of HDFC Bank declined by ₹1,255 crore to ₹9,23,933.45 crore and that of HDFC declined by ₹1,233.07 crore to ₹4,91,080 crore.


From the profit pack, TCS added ₹19,612.52 crore, taking its valuation to ₹12,93,639.32 crore. The mcap of State Bank of India (SBI) rose by ₹7,585.92 crore to ₹4,93,486.41 crore.


Index heavyweight Reliance Industries' valuation rose ₹4,938.8 crore to ₹15,80,653.94 crore and Infosys's valuation rose ₹3,703.11 crore to ₹6,76,638.36 crore.


In the ranking of most valuable Indian firms, Reliance Industries retained its top position, followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, SBI, HDFC, ITC and Bharti Airtel.

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