Mcap of 7 of top 10 most valued companies erodes by Rs 3.63 lakh cr; Confidence biggest laggard

The combined market valuation of seven of the top 10 most valued companies fell by Rs 3,63,412.18 crore last week, with Reliance Industries emerging as the biggest laggard, amid a bearish trend in equities.Last week, the benchmark BSE fell 2,185.77 points or 2.54 percent.

“Indian stock markets closed on a negative note last week, reflecting heightened risk aversion caused by renewed US tariff threats and rising geopolitical tensions,” said Ponmudi R, CEO of Enrich Money, an online trading and wealth technology company.While Reliance Industries, HDFC Bank, Tata Consultancy Services (TCS), Bharti Airtel, Infosys, Bajaj Finance and Larsen & Toubro faced valuation erosion, ICICI Bank, State Bank of India and Hindustan Unilever were the gainers.

Reliance Industries’ market valuation fell by Rs 1,58,532.91 crore to Rs 19,96,445.69 crore.

HDFC Bank’s valuation has eroded by Rs 96,153.61 crore to Rs 14,44,150.26 crore.

Bharti Airtel’s market value fell by Rs 45,274.72 crore to Rs 11,55,987.81 crore, and that of Bajaj Finance fell by Rs 18,729.68 crore to Rs 5,97,700.75 crore. The market capitalization of Larsen & Toubro (mcap) fell by Rs 18,728.53 crore to Rs 5,53,912.03 crore, and that of TCS fell by Rs 15,232.14 crore to Rs 11,60,682.48 crore.

Infosys’ mcap fell by Rs 10,760.59 crore to Rs 6,70,875 crore.

However, ICICI Bank’s valuation rose by Rs 34,901.81 crore to Rs 10,03,674.95 crore.

Hindustan Unilever’s mcap rose by Rs 6,097.19 crore to Rs 5,57,734.23 crore, and State Bank of India’s rose by Rs 599.99 crore to Rs 9,23,061.76 crore.

Reliance Industries remained the most valued company, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever and Larsen & Toubro.