Mumbai: Market valuation of eight of the 10 most valuable companies has come down by Rs 1,23,670.47 crore since last week. This is according to the declining trend in the stock market. The BSE benchmark lost 654.54 points or 1.26 per cent over the past week. Only Reliance Industries (RIL) and State Bank of India (SBI) emerged among the top 10 most valued companies.
Tata Consultancy Services has suffered the most in the list. The company’s market valuation has fallen by Rs 44,672.14 crore to Rs 11,52,770.11 crore. At the same time, HDFC Bank’s market valuation has come down by Rs 23,964.99 crore to Rs 8,47,754.65 crore.
ICICI Bank’s market capitalization (m-cap) declined by Rs 16,146.38 crore to Rs 4,31,177.44 crore. Whereas, Hindustan Unilever fell by Rs 14,273.56 crore to Rs 5,12,473.46 crore. The valuation of HDFC has come down by Rs 9,408.05 crore to Rs 9,408.05 crore at Rs 4,92,908.61 crore. Infosys’s m-cap decreased by Rs 7,735.21 crore to 5,50,100.64.