Mukesh Ambani loses Rs 1146870000000, Ratan Tata’s company TCS suffers losses of Rs 200800000000 due to…

The combined market capitalisation of six out of the top 10 most valued companies fell by ₹2.22 lakh crore last week, with Reliance Industries witnessing the steepest decline, in line with the broader bearish trend in equities.

During the same period, the BSE benchmark index slipped 294.64 points, or 0.36%.

From the top-10 pack, Reliance Industries, Tata Consultancy Services (TCS), Infosys, Bajaj Finance, Hindustan Unilever and Life Insurance Corporation of India (LIC) suffered a combined erosion of Rs 2,22,193.17 crore from their market valuation.

HDFC Bank, Bharti Airtel, ICICI Bank and State Bank of India made gains in their valuation.

Reliance Industries Share Price Decline

The valuation of Reliance Industries tumbled Rs 1,14,687.7 crore to Rs 18,83,855.52 crore, the most among the top-10 firms.

Infosys faced an erosion of Rs 29,474.56 crore to Rs 6,29,621.56 crore from its market capitalisation (mcap).

The valuation of LIC tanked Rs 23,086.24 crore to Rs 5,60,742.67 crore and that of TCS dropped by Rs 20,080.39 crore to Rs 11,34,035.26 crore.

MCAP Of HDFC Bank  ICICI Bank

The mcap of Bajaj Finance declined by Rs 17,524.3 crore to Rs 5,67,768.53 crore and that of Hindustan Unilever fell by Rs 17,339.98 crore to Rs 5,67,449.79 crore.

However, the market valuation of HDFC Bank jumped Rs 37,161.53 crore to Rs 15,38,078.95 crore. ICICI Bank added Rs 35,814.41 crore taking its valuation to Rs 10,53,823.14 crore.

The mcap of Bharti Airtel climbed Rs 20,841.2 crore to Rs 11,04,839.93 crore and that of State Bank of India went up by Rs 9,685.34 crore to Rs 7,44,449.31 crore.

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

(With Inputs From PTI)

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