Top-6 scrips add Rs 57,408 Cr to Mcap

The combined market valuation of six of the top-10 most valued firms declined Rs57,408.22 crore last week, with Tata Consultancy Services (TCS) and HDFC Bank taking the biggest hit, in-line with muted trends in equities.

Last week, the BSE benchmark declined 214.11 points, or 0.29 per cent, even after hitting an all-time high of 72,561.91 on January 1. The market valuation of TCS fell by Rs20,929.77 crore to Rs13,67,661.93 crore, the most among the top-10 firms. HDFC Bank’s market capitalisation (mcap) declined Rs20,536.48 crore to Rs12,77,435.56 crore. The valuation of Hindustan Unilever fell Rs10,114.99 crore to Rs6,15,663.40 crore. The mcap of Infosys went down Rs4,129.69 crore to Rs6,36,222.11 crore, and that of ICICI Bank by Rs1,608.05 crore to Rs6,97,357.42 crore.

The valuation of State Bank of India dipped Rs89.24 crore to Rs5,72,826.22 crore. However, the mcap of Reliance Industries jumped Rs14,816.85 crore to Rs17,63,644.77 crore while ITC added Rs14,409.32 crore taking its valuation to Rs5,91,219.09 crore. Bharti Airtel’s market valuation climbed Rs8,200.55 crore to Rs5,88,846.09 crore. The mcap of Life Insurance Corporation of India (LIC) soared Rs7,020.75 crore to reach Rs5,34,082.81 crore. Reliance Industries continued to rule the chart of the most valued firms followed by TCS, HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever, ITC, Bharti Airtel, State Bank of India and LIC.