Mcap tracker: HDFC Bank, LIC take maximum hit; Hindustan Unilever, TCS top gainers

HDFC Bank and Life Insurance Corporation of India took the maximum hit in the Top 10

HDFC Bank and LIC Representational image | Reuters

HDFC Bank and Life Insurance Corporation of India took the maximum hit in the Top 10 most valued companies in the country last week.

Six of the Top 10 firms witnessed an erosion of Rs 1,73,097.59 crore in combined market capital as the bears took over Dalal Street last week, dragging the the BSE benchmark down by 1.64 per cent.

HDFC Bank, the largest private lender in the country and the third largest in valuation, saw its market cap plunging Rs 60,678.26 crore to touch Rs 10,93,026.58 crore last week. The mcap of LIC plummeted Rs 43,168.1 crore to Rs 5,76,049.17 crore.

Reliance Industries, the largest company in market valuation, also faced an erosion of Rs 36,094.96 crore to Rs 19,04,643.44 crore.

ICICI Bank, the only other private lender in the Top 10 besides HDFC Bank, also slumped by Rs 17,567.94 crore to Rs 7,84,833.83 crore while the largest PSU, State Bank of India, tumbled by Rs 11,780.49 crore to Rs 7,30,345.62 crore.

The sixth firm among Top 10 to lose market valuation was ITC, which tanked by Rs 3,807.84 crore to Rs 5,40,838.13 crore.

The four remaining firms in the Top 10, including Hindustan Unilever, Tata Consultancy Services (TCS), Bharti Airtel and Infosys, gained in market valuation last week.

Hindustan Unilever rallied by Rs 33,270.22 crore, taking its mcap to Rs 5,53,822.16 crore while the valuation of TCS surged Rs 20,442.2 crore to touch Rs 14,09,552.63 crore.

Telecom major Bharti Airtel soared by Rs 14,653.98 crore to Rs 7,38,424.68 crore and IT giant Infosys rose by Rs 3,611.26 crore to reach Rs 5,91,560.88 crore in valuation.

In terms of market cap, Reliance has the highest valuation, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, SBI, Infosys, LIC, Hindustan Unilever and ITC.

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