Eight of the top ten companies’ equity eroded by Rs 200 billion; Reliance and TCS laggards

The combined market valuation of eight of the 10 most valued companies eroded by Rs 2,01,699.77 crore last week, with Reliance Industries and Tata Consulting Services emerging as the biggest laggards, in line with weak trends in actionsLast week, the benchmark BSE index fell 1,181.84 points, or 1.43 per cent.

The market valuation of Reliance Industries fell Rs 60,824.68 crore to Rs 19,82,282.42 crore.

Tata Consultancy Services Valuation (TCS) fell Rs 34,136.66 crore to Rs 16,12,762.51 crore.

State Bank of IndiaThe valuation of Bharti fell by Rs 29,495.84 crore to Rs 6,98,440.13 crore and that of Bharti Airtel decreased Rs 28,379.54 crore to Rs 8,76,207.58 crore.

The market capitalization (mcap) of Information systems plummeted Rs 17,061.44 crore to Rs 7,89,819.06 crore and that of Life Insurance Corporation of India (LIC) eroded by Rs 16,381.74 crore to Rs 6,57,009.14 crore. ICICI BankThe mcap of ‘s decreased by Rs 15,169.76 crore to Rs 8,51,204.65 crore and that of CCI fell by Rs 250.11 crore to Rs 6,27,337.65 crore. However, Unilever Hindustan It added Rs 14,179.78 crore, taking its market valuation to Rs 6,669,197.3 crore. The market capitalization of HDFC Bank rose Rs 3,735.35 crore to Rs 12,47,941.78 crore.

Reliance Industries remained the most valued domestic company, followed by TCS, HDFC Bank, Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, LIC and ITC.

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