Mcap of nine of top-10 most valued firms erode by Rs 1.22 lakh cr; Reliance biggest laggard

Nine of the top-10 most valued firms faced a combined erosion of Rs 1,22,092.9 crore in market valuation last week amid weak trend in equities, with emerging as the biggest laggard. Last week, the 30-share BSE benchmark declined 843.86 points or 1.36 per cent.

Barring , rest nine companies, including (), , and , witnessed decline in their market valuation.

The valuation of Reliance Industries tanked Rs 29,767.66 crore to Rs 17,35,405.81 crore.

TCS faced an erosion of Rs 19,960.12 crore to Rs 11,84,837.43 crore in its market valuation.

The valuation of ICICI Bank plunged Rs 19,722.3 crore to Rs 6,29,380.54 crore and that of Infosys tumbled Rs 19,567.57 crore to Rs 6,40,617.19 crore.

The market capitalisation (mcap) of Hindustan Unilever went lower by Rs 11,935.92 crore to Rs 6,27,434.85 crore and that of declined by Rs 11,735.86 crore to Rs 5,38,421.83 crore.

's mcap dipped Rs 7,204.38 crore to Rs 4,57,325.46 crore and that of fell by Rs 1,903.8 crore to Rs 4,53,617.85 crore.

The mcap of went lower by Rs 295.29 crore to Rs 4,86,460.48 crore.

However, HDFC Bank added Rs 4,126.18 crore taking its valuation to Rs 9,13,726.29 crore.

Reliance Industries remained the most valued domestic firm followed by TCS, HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever, State Bank of India, HDFC, Bharti Airtel and Adani Enterprises.