Four of the top 10 companies lose more than Rs 1 lakh cr in m-cap; TCS, Infy biggest laggards

NEW DELHI: The combined market valuation of four of the 10 most valuable companies fell by Rs 1,05,848.14 crore last week, with IT majors TCS and Infosys emerging as the biggest laggards.
While the market valuation of Reliance Industries, TCS, Infosys and Bajaj Finance declined, HDFC Bank, ICICI Bank, HUL, SBI, HDFC and Bharti Airtel emerged as the winners with a combined addition of Rs 51,628.12 crore.
Among the four companies, the valuation of Tata Consultancy Services (TCS) fell the most by Rs 40,640.76 crore to stand at Rs 13,49,037.36 crore.
The market capitalization of Infosys (m-cap) reached Rs 36,703.8 crore to reach Rs 7,63,565.13 crore.
The market valuation of Reliance Industries Limited (RIL) eroded from Rs 25,503.68 crore to Rs 17,70,205.42 crore and that of Bajaj Finance fell from Rs 2,999.9 crore to Rs 4,45,810.84 crore.
In contrast, the m-cap of Hindustan Unilever Limited (HUL) jumped from Rs 24,048.06 crore to Rs 5,12,857.03 crore and that of ICICI Bank soared from Rs 12,403.56 crore to Rs 5,24 180.57 crore.
State Bank of India (SBI) added Rs 7,050.44 crore, taking its valuation to Rs 4,60,599.20 crore.
The valuation of HDFC Bank increased from Rs 4,880.07 crore to Rs 8,40,204.91 crore.
The market valuation of Bharti Airtel jumped from Rs 1,949.67 crore to Rs 4,18,574.86 crore and that of HDFC increased from Rs 1,296.32 crore to Rs 4,45,659.60 crore.
In the ranking of the top 10 companies, RIL retained its first position, followed by TCS, HDFC Bank, Infosys, ICICI Bank, HUL, SBI, Bajaj Finance, HDFC and Airtel.
Last week, the Sensex slipped 170.49 points or 0.28%, while the Nifty lost 113.90 points or 0.64%.