Market-cap of top-10 most valued firms falls over Rs 2.85 lakh cr; TCS, HDFC Bank among top losers

Mirroring an overall weak broader market trend, the top-10 most valued firms suffered a combined loss of Rs 2,85,251.65 crore from their market valuations this week, with Reliance Industries, TCS, and HDFC Bank emerging as the worst-hit.

The Sensex, on a weekly basis, slumped 2,225.29 points or 3.89 per cent, while the Nifty lost 691.30 points or 4.04 per cent.

Reliance Industries’ market valuation tumbled Rs 1,14,767.5 crore to reach Rs 17,73,196.68 crore, falling the most among the top-10 firms, followed by TCS’ market capitalisation tanked Rs 42,847.49 crore to Rs 12,56,152.34 crore.

HDFC Bank's valuation dived Rs 36,984.46 crore to Rs 7,31,068.41 crore and that of Hindustan Unilever got eroded by Rs 20,558.92 crore to Rs 5,05,068.14 crore.

ICICI Bank's m-cap slumped Rs 16,625.96 crore to Rs 5,00,136.52 crore and that of Bharti Airtel declined by Rs 16,091.64 crore to Rs 3,90,153.62 crore.

HDFC's valuation went lower by Rs 13,924.03 crore to Rs 3,90,045.06 crore and that of State Bank of India fell by Rs 10,843.4 crore to Rs 4,32,263.56 crore.

The valuation of Infosys plunged Rs 10,285.69 crore to Rs 6,49,302.28 crore and that of Adani Green Energy dipped Rs 2,322.56 crore to Rs 4,49,255.28 crore.

In the ranking of top-10 firms, Reliance Industries was leading the chart, followed by Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, Adani Green Energy, State Bank of India, Bharti Airtel and HDFC.