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The market capitalization of six major companies fell by ₹68,400 crore

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Bharti Airtel and Reliance Industries took the biggest hit

What’s the story

Last week, six of the ten most valued companies experienced a significant decline in their combined market value by ₹68,417.14 crore.

Bharti Airtel and Reliance Industries were the worst hit by this decline.

Bharti Airtel’s market capitalization fell by ₹27,635.65 crore, bringing its total valuation down to ₹7,23,770.70 crore.

Similarly, Reliance Industries’ valuation fell by ₹23,341.56 crore to a new total of ₹19,40,738.40 crore. However, it is still the most valued company in the top 10.

Other companies are also facing a decline in market valuation

Besides Bharti Airtel and Reliance Industries, other companies also saw a decline in their market valuations.

Life Insurance Corporation of India (LIC) saw a decline in its market capitalization by ₹5,724.13 crore, bringing its total valuation down to ₹6,19,217.27 crore.

Infosys’ market capitalization fell by ₹5,686.69 crore to ₹5,87,949.62 crore, while ITC’s valuation was cut by ₹4,619.35 crore to ₹5,44,645.97 crore.

Hindustan Unilever’s market capitalization fell by ₹1,409.76 crore to reach a new total of ₹5,20,551.94 crore.

Some companies are bucking the trend by increasing the m-cap

Despite the overall market dip, some companies saw an increase in their market capitalization.

The market capitalization of State Bank of India (SBI) rose by ₹26,907.71 crore to a total of ₹7,42,126.11 crore.

ICICI Bank has added ₹24,651.55 crore to its valuation, now standing at ₹8,02,401.77 crore.

Tata Consultancy Services saw an increase in its market capitalization by ₹9,587.93 crore to reach a new total of ₹13,89,110.43 crore.

HDFC Bank’s market capitalization rose by ₹6,761.25 crore to ₹11,53,704.84 crore.