Mcap Of 6 Top Firms Drops By ₹70,325 Crore, HDFC & ICICI Bank Lead Decline

Mumbai: The combined market capitalisation (mcap) of six out of the top ten most valued Indian companies dropped by Rs 70,325.5 crore last week, in line with weak trends in the equity markets. The benchmark BSE Sensex fell by 626.01 points or 0.74 percent during the week.

HDFC, ICICI Bank See Sharp Erosion

Among the biggest losers, HDFC Bank saw its valuation fall by Rs 19,284.8 crore to Rs 15,25,339.72 crore. ICICI Bank followed with a decline of Rs 13,566.92 crore, bringing its mcap to Rs 10,29,470.57 crore.

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Other Major Losers

• Bajaj Finance: Down by Rs 13,236.44 crore to Rs 5,74,977.11 crore

• LIC: Lost Rs 10,246.49 crore, mcap now at Rs 5,95,277.16 crore

• TCS: Declined Rs 8,032.15 crore to Rs 12,37,729.65 crore

• Bharti Airtel: Fell Rs 5,958.7 crore to Rs 11,50,371.24 crore

Winners in the Top 10

Despite the market downturn, four companies managed gains:

• Reliance Industries: Added Rs 15,359.36 crore to reach Rs 20,66,949.87 crore

• Infosys: Rose by Rs 13,127.51 crore to Rs 6,81,383.80 crore

• Hindustan Unilever Ltd (HUL): Increased by Rs 7,906.37 crore to Rs 5,49,757.36 crore

• State Bank of India (SBI): Gained Rs 5,756.38 crore to Rs 7,24,545.28 crore

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Updated Rankings

Reliance Industries retained its top position by market value, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, LIC, Bajaj Finance, and HUL.