Top firms in India witnessed a collective drop of ₹ 1 lakh crore in combined market valuation during the past week. Among these, HDFC Bank experienced the most significant decline, with its valuation slipping by ₹25,011 crore to reach ₹12,22,392.26 crore, according to a report by news agency PTI. The report also highlighted that ICICI Bank, Hindustan Unilever, Infosys, and ITC faced reductions in their market valuations. Conversely, Reliance Industries, Tata Consultancy Services (TCS), and State Bank of India saw an increase in their market valuations.
PTI’s report indicated that ICICI Bank’s market valuation decreased by ₹12,781 crore, settling at ₹6,66,512.90 crore. Additionally, Bharti Airtel’s valuation fell by ₹11,096.48 crore, reaching ₹4,86,812.08 crore. Hindustan Unilever’s market valuation saw a decline of ₹10,396.94 crore, reaching ₹5,87,902.98 crore, while ITC’s valuation slid by ₹7,726.3 crore to ₹5,59,159.71 crore. Bajaj Finance experienced a decrease of ₹4,935.21 crore, leading to a valuation of ₹4,27,996.97 crore. Similarly, Infosys witnessed a dip of ₹2,656.13 crore, reaching ₹5,69,406.39 crore. In contrast, Reliance Industries’ valuation surged by ₹25,607.85 crore, propelling it to ₹17,23,878.59 crore.
Meanwhile, TCS observed a rise in its market valuation by ₹2,579.64 crore, reaching ₹12,62,134.89 crore, while State Bank of India’s valuation climbed by ₹847.84 crore to reach ₹5,12,451.22 crore, as per PTI reports.
Among the top-10 firms, Reliance Industries maintained its position as the most valued company, followed by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, Infosys, ITC, State Bank of India, Bharti Airtel, and Bajaj Finance.
During the last week, the BSE benchmark witnessed a decline of 398.6 points or 0.60 percent.”
