TCS Worst Hit As Top-10 Most Valued Firms Lose Rs 1.65 Lakh Crore In Market Cap

The combined market valuation of eight of the top-10 most valued firms eroded Rs 1,65,784.9 crore last week, with Tata Consultancy Services Ltd. taking the biggest hit, in line with bearish trends in equities.

Last week, the BSE benchmark declined 628.15 points, or 0.82%, while the Nifty went lower 133.35 points, or 0.58%. The market valuation of TCS tanked Rs 53,185.89 crore to Rs 13.7 lakh crore.

Bharti Airtel Ltd.'s market capitalisation dropped Rs 44,407.77 crore to Rs 9.3 lakh crore.

The valuation of ICICI Bank Ltd. tumbled Rs 18,235.45 crore to Rs 8.7 lakh crore and that of Hindustan Unilever Ltd. plunged Rs 17,962.62 crore to Rs 5.2 lakh crore.

Infosys faced an erosion of Rs 17,086.61 crore to Rs 7.5 lakh crore from its market valuation.

The mcap of ITC eroded Rs 11,949.42 crore to Rs 5 lakh crore and that of HDFC Bank diminished Rs 2,555.53 crore to Rs 12.9 lakh crore. State Bank of India's valuation declined Rs 401.61 crore to Rs 6.4 lakh crore.

However, the mcap of Reliance Industries Ltd. jumped Rs 14,547.3 crore to Rs 16.6 lakh crore. Bajaj Finance added Rs 384.33 crore to Rs 5.2 lakh crore in its market cap.

Reliance Industries remained the most valued firm followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, Bajaj Finance, and ITC.