M-cap of 8 of top-10 top firms falls by ₹2.07 lakh crore: Check for winners and losers

The combined market valuation of eight of India’s top-10 most valued companies eroded by ₹2.07 lakh crore last week.

The downturn was a result of a bearish trend in the equity market, with the BSE benchmark Sensex dropping 932.42 points or 1.11%.

Tata Consultancy Services (TCS) and Bharti Airtel were the worst-hit among the top 10 firms, mirroring the market downturn.

TCS dropped nearly 3.50% on Friday after its June quarter earnings failed to enthuse investors. Here are the firms who were the most affected due to the trend:

Despite the market downturn, Bajaj Finance and Hindustan Unilever managed to ditch the trend and register gains in their market valuation.

Shares of Hindustan Unilever Ltd (HUL) on Friday gained nearly 5% after the company announced that Priya Nair will become its first woman Chief Executive Officer (CEO) and Managing Director (MD).

Here’s the market valuation of the firms:

Reliance Industries retained the title of the most valued firm of India, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, Bajaj Finance and Hindustan Unilever Ltd.

(With inputs from PTI)

Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.

Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Download the Mint app and read premium stories