The Mcap of eight of the 10 most valuable companies fell by Rs 2.08 lakh cr. Reliance, TCS’s biggest latecomer

The combined market value of eight of the top 10 companies fell by Rs 208,207.93 crore last week, with leaders Reliance Industries, TCS and Infosys among the worst hit. While these three companies, along with ITC, Life Insurance Corporation (LIC), Hindustan Unilever Ltd, Bharti Airtel and ICICI Bank, were underperforming, HDFC Bank and State Bank of India (SBI) were on the rise.

Last week, the 30-share BSE Sensex fell 1,449 points (1.92%). On Friday, it rose 75.71 points, or 0.10%, to 73,961.31, marking its fifth consecutive day of declines.

The market capitalization (mcap) of index heavyweight Reliance Industries fell by Rs 67,792.23 crore to Rs 19,34,717.12 crore, while TCS mcap fell by Rs 65,577.84 crore to Rs 13,27,657.21 crore.

The value of Infosys fell by Rs 24,338.1 crore to Rs 5,83,860.28 crore, while that of ITC fell by Rs 12,422.29 crore to Rs 5,32,036.41 crore.

LIC’s Mcap fell from Rs 10,815.74 crore to Rs 6,40,532.52 crore, while HUL’s valuation fell from Rs 9,680.31 crore to Rs 5,47,149.32 crore. Bharti Airtel’s MCAP decreased by Rs 9,503.31 crore to Rs 7,78,335.40 crore and ICICI Bank’s MCAP decreased by Rs 8,078.11 crore to Rs 7,87,229.71 crore. However, HDFC Bank’s mcap increased from Rs 10,954.49 crore to Rs 11,64,083.85 crore. SBI added Rs 1,338.7 crore, taking its market valuation to Rs 7,40,832.04 crore.

Reliance Industries remained the most valuable company in the top 10, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, SBI, LIC, Infosys, Hindustan Unilever and ITC.