Mcap of four of top-10 most valued firms erode by Rs 96,605.66 cr; HDFC Bank hit hard
HDFC Bank taking the biggest hit. While Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank and State Bank of India suffered erosion from their valuation, Reliance Industries, Bharti Airtel, Infosys, ITC, Life Insurance Corporation of India (LIC) and Hindustan Unilever were the winners. Together they added Rs 82,861.16 crore in combined market valuation.
The market valuation of HDFC Bank tumbled Rs 37,025.46 crore to Rs 13,37,919.84 crore.
ICICI Bank's valuation slumped Rs 29,324.55 crore to Rs 8,93,378.50 crore.
The market capitalisation (mcap) of TCS tanked Rs 24,856.26 crore to Rs 14,83,144.53 crore and that of State Bank of India declined Rs 5,399.39 crore to Rs 7,08,168.60 crore.
However, the mcap of Reliance Industries surged Rs 41,138.41 crore to Rs 16,93,373.48 crore.
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