Top-7 scrips lose Rs 1.16-trn mcap

New Delhi: The combined market valuation of seven of the top-10 most-valued firms eroded by Rs1.16 lakh crore last week, with HDFC Bank emerging as the biggest laggard. In the holiday-shortened week, the BSE benchmark fell by 982.56 points or 1.37 per cent. Of the top-10 most-valued firms, Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Life Insurance Corporation of India (LIC), Hindustan Unilever, ITC and State Bank of India were the laggards, ICICI Bank, Infosys and Bharti Airtel emerged as the gainers.

The market valuation of HDFC Bank fell by Rs32,661.45 crore to Rs10,90,001.31 crore. LIC’s valuation tumbled by Rs20,682.74 crore to Rs5,71,337.04 crore. The market valuation of TCS eroded by Rs19,173.43 crore to Rs13,93,439.94 crore and that of State Bank of India plunged by Rs16,599.77 crore to Rs5,46,989.47 crore. ITC’s valuation diminished by Rs15,908.1 crore to Rs5,68,262.28 crore and that of Hindustan Unilever declined by Rs9,210.4 crore to Rs5,70,974.17 crore. The market capitalisation (mcap) of Reliance Industries dipped by Rs1,928.22 crore to Rs18,33,737.60 crore.

However, the mcap of Bharti Airtel jumped Rs20,727.87 crore to Rs6,52,407.83 crore. Infosys added Rs9,151.75 crore taking its valuation to Rs6,93,457.65 crore, and the mcap of ICICI Bank climbed Rs1,137.37 crore to Rs7,08,511.16 crore. In the ranking of the most-valued firms, Reliance Industries retained the number one position followed by TCS, HDFC Bank, ICICI Bank, Infosys, Bharti Airtel, LIC, Hindustan Unilever, ITC and State Bank of India.