Market capitalization of five of the 10 most valued companies falls by ₹1.85 lakh crore; HDFC Bank hit hard

The combined market capitalization of five of the ten most valued companies fell ₹1,85,952.31 crore last week, with HDFC Bank experiencing the biggest decline, in line with a weak trend in the domestic equity market.

During the same period, the BSE Sensex fell 1,844.2 points (2.32 percent), while the Nifty index lost 573.25 points (2.38 percent).

Market valuations of Reliance Industries, HDFC Bank, ICICI Bank, State Bank of India and ITC fell, while Tata Consultancy Services (TCS), Bharti Airtel, Infosys, Hindustan Unilever and HCL Technologies posted gains.

HDFC Bank’s valuation fell by ₹70,479.23 crore, established at ₹12,67,440.61 crore. ITC’s market capitalization fell ₹46,481 crore ₹5,56,583.44 crore. State Bank of India saw a decline of ₹44,935.46 crore ₹6,63,233.14 crore, while Reliance Industries lost ₹12,179.13 crore, which puts the valuation at ₹16,81,194.35 crore. ICICI Bank’s market capitalization fell ₹11,877.49 crore ₹8,81,501.01 crore.

On the other hand, TCS added ₹60,168.79 crore, with a valuation of ₹15,43,313.32 crore. The company’s shares rose nearly 6 percent on Friday after announcing an 11.95 percent rise in net profit for the December quarter. ₹12,380 crore.

HDFC Bank’s valuation fell by ₹70,479.23 crore, established at ₹12,67,440.61 crore. ITC’s market capitalization fell ₹46,481 crore ₹5,56,583.44 crore. State Bank of India saw a decline of ₹44,935.46 crore ₹6,63,233.14 crore, while Reliance Industries lost ₹12,179.13 crore, which puts the valuation at ₹16,81,194.35 crore. ICICI Bank’s market capitalization fell ₹11,877.49 crore ₹8,81,501.01 crore.

On the other hand, TCS added ₹60,168.79 crore, with a valuation of ₹15,43,313.32 crore. The company’s shares rose nearly 6 percent on Friday after announcing an 11.95 percent rise in net profit for the December quarter. ₹12,380 crore.

The market capitalization of HCL Technologies has increased by ₹13,120.58 crore ₹5,41,539.01 crore. Infosys added ₹11,792.44 crore ₹8,16,626.78 crore, while Bharti Airtel grew ₹8,999.41 crore, reaching ₹9,19,933.99 crore. Hindustan Unilever’s valuation rose by ₹8,564.26 crore ₹5,73,758.44 crore.

Reliance Industries retained its position as the most valued domestic company, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, ITC and HCL Technologies.