Mcap At Top-6 Cos Fall Rs 1.55 Lakh Cr

New Delhi: The combined market valuation of six of the top-10 most-valued firms eroded Rs1,55,721.12 crore last week, with Reliance Industries emerging as the biggest laggard, in line with an overall weak trend in equities.

Last week, the BSE benchmark declined 237.8 points, or 0.29 per cent. While Reliance Industries, Bharti Airtel, ICICI Bank, ITC, Hindustan Unilever and Life Insurance Corporation of India (LIC) suffered erosion in their market valuation, Tata Consultancy Services (TCS), HDFC Bank, Infosys, and the State Bank of India were the gainers.

The valuation of Reliance Industries fell Rs74,563.37 crore to Rs17,37,556.68 crore. Bharti Airtel’s valuation dropped Rs26,274.75 crore to Rs 8,94,024.60 crore. The market valuation of ICICI Bank slumped Rs22,254.79 crore to Rs 8,88,432.06 crore and that of ITC tanked Rs15,449.47 crore to Rs5,98,213.49 crore. LIC’s market capitalisation (mcap) declined Rs9,930.25 crore to Rs5,78,579.16 crore and that of Hindustan Unilever went lower Rs7,248.49 crore to Rs5,89,160.01 crore.