Market cap of 7 out of top 10 most valued firms decline by ₹1.16 lakh crore; HDFC Bank biggest laggard

livemint.com:

₹1.16 lakh crore last week, with HDFC Bank emerging as the primary underperformer. In the holiday shortened week, the BSE benchmark saw a decline of 982.56 points, equivalent to 1.37 percent. Also read: IPOs next week: Six new issues, 10 listings to keep primary market busy Among the top-10 companies by market value, Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Life Insurance Corporation of India (LIC), Hindustan Unilever, ITC, and State Bank of India experienced declines, while ICICI Bank, Infosys, and Bharti Airtel emerged as gainers.

HDFC Bank's market valuation contracted by ₹32,661.45 crore, settling at ₹10,90,001.31 crore. LIC's valuation saw a decline of ₹20,682.74 crore, reaching ₹5,71,337.04 crore. TCS witnessed a erosion of ₹19,173.43 crore in market valuation, settling at ₹13,93,439.94 crore, while State Bank of India's valuation plunged by ₹16,599.77 crore to ₹5,46,989.47 crore.

Also read: Heard on the street! Sebi extends deadline for top corporates to either confirm or deny market rumours ITC's market capitalization diminished by ₹15,908.1 crore, reaching ₹5,68,262.28 crore, and Hindustan Unilever experienced a decline of ₹9,210.4 crore in valuation, settling at ₹5,70,974.17 crore. Reliance Industries saw a dip of ₹1,928.22 crore in market capitalization, settling at ₹18,33,737.60 crore. However, Bharti Airtel's market cap surged by ₹20,727.87 crore, reaching ₹6,52,407.83 crore.