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Market valuation of 6 of top 10 companies falls by Rs 68,417 Crore; Airtel biggest laggard

The combined market valuation of six of the top 10 largest companies fell by Rs 68,417.14 crore during a holiday shortened last week, with Bharti Airtel and Reliance Industries taking the biggest hit.

While Reliance Industries, Bharti Airtel, Life Insurance Corporation of India, Infosys, ITC and Hindustan Unilever were the laggards, Tata Consultancy Services, HDFC Bank, ICICI Bank and State Bank of India emerged as gainers.

Last week, the benchmark BSE rose 147.99 points or 0.20%.

Also read: BSE hike in derivatives trading price to reduce impact of SEBI’s higher fees; Stock profits

Domestic stock markets were closed on Wednesday on account of Maharashtra Day.

Bharti Airtel’s market capitalization (mcap) fell by Rs 27,635.65 crore to Rs 7,23,770.70 crore.

Reliance Industries’ valuation fell by Rs 23,341.56 crore to Rs 19,40,738.40 crore.

LIC’s mcap fell by Rs 5,724.13 crore to Rs 6,19,217.27 crore, and Infosys’s fell by Rs 5,686.69 crore to Rs 5,87,949.62 crore.

ITC’s valuation fell by Rs 4,619.35 crore to Rs 5,44,645.97 crore, and Hindustan Unilever’s fell by Rs 1,409.76 crore to Rs 5,20,551.94 crore.

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However, State Bank of India’s mcap rose by Rs 26,907.71 crore to Rs 7,42,126.11 crore.

ICICI Bank added Rs 24,651.55 crore, taking its valuation to Rs 8,02,401.77 crore.

TCS’s mcap rose by Rs 9,587.93 crore to Rs 13,89,110.43 crore, and that of HDFC Bank rose by Rs 6,761.25 crore to Rs 11,53,704.84 crore.

Reliance Industries remained the largest company in the top 10, followed by TCS, HDFC Bank, ICICI Bank, State Bank of India, Bharti Airtel, LIC, Infosys, ITC and Hindustan Unilever.

Also Read: SBI and ICICI Bank Drive Market Rise, Top Six Companies Add Rs 1.30 Lakh Crore to Market Value