New Delhi, February 15 The combined market valuation of six of the top 10 most valuable companies decreased by more than Rs 3 lakh crore last week, with IT giants Tata Consultancy Services (TCS) and Infosys being the biggest losers amidst a bearish trend in the stock market.
The BSE benchmark declined by 953.64 points, or 1.14 percent, over the past week.
TCS, Infosys, HDFC Bank, Reliance Industries, Life Insurance Corporation of India (LIC), and Bharti Airtel saw a decrease in their valuations, while State Bank of India, Bajaj Finance, Larsen & Toubro, and ICICI Bank saw gains.
The market valuation of TCS fell by Rs 90,198.92 crore to Rs 9,74,043.43 crore, while Infosys' valuation decreased by Rs 70,780.23 crore to Rs 5,55,287.72 crore.
The market valuation of HDFC Bank declined by Rs 54,627.71 crore to Rs 13,93,621.92 crore, and that of Reliance Industries plunged by Rs 41,883 crore to Rs 19,21,475.79 crore.
The market capitalization (mcap) of Life Insurance Corporation of India dropped by Rs 23,971.74 crore to Rs 5,46,226.80 crore, and that of Bharti Airtel declined by Rs 19,244.61 crore to Rs 11,43,044.03 crore.
However, the valuation of State Bank of India (SBI) increased by Rs 1,22,213.38 crore to Rs 11,06,566.44 crore.
The mcap of Bajaj Finance climbed by Rs 26,414.44 crore to Rs 6,37,244.64 crore, and that of Larsen & Toubro's valuation increased by Rs 14,483.9 crore to Rs 5,74,028.93 crore.
ICICI Bank's mcap rose by Rs 5,719.95 crore to Rs 10,11,978.77 crore.
Reliance Industries remained the most valuable company, followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, Tata Consultancy Services, Bajaj Finance, Larsen & Toubro, Infosys, and Life Insurance Corporation of India.
