Market cap of five of top-10 most valued firms plunges by ₹93,000 crore; Infosys, TCS biggest hit

The combined market capitalisation of five of the top-10 most valued firms declined by ₹93,357.52 crore, with IT giants Infosys and Tata Consultancy Services taking the biggest hit, in line with a weak trend in domestic equities.

Gainers

Tata Consultancy Services (TCS): The valuation of TCS surged by ₹68,463.11 crore, reaching ₹12,55,526.17 crore.

State Bank of India (SBI): SBI’s market capitalization increased by ₹44,947.63 crore, totaling ₹5,11,603.69 crore.

Reliance Industries: The company’s valuation rose by ₹32,239.78 crore, amounting to ₹16,77,728.89 crore.

HDFC Bank: The bank’s market cap grew by ₹27,491.56 crore, reaching ₹11,71,918.45 crore.

ICICI Bank: ICICI Bank saw an increase of ₹16,794.14 crore in its valuation, totaling ₹6,52,942.31 crore.

Bharti Airtel: The telecom giant’s market capitalization went up by ₹12,586.72 crore, reaching ₹4,47,866.92 crore.

ITC: ITC’s valuation increased by ₹7,731.02 crore, totaling ₹4,46,898.73 crore.

Losers

Infosys: The company’s market capitalization declined by ₹7,799.72 crore, standing at ₹5,86,548.17 crore.

Hindustan Unilever: The FMCG major’s valuation decreased by ₹5,252.35 crore, totaling ₹5,97,879.43 crore.

Bajaj Finance: The company’s market cap reduced by ₹1,102.68 crore, amounting to ₹4,21,673.25 crore.

Despite these fluctuations, Reliance Industries remained the most valued company, followed by TCS, HDFC Bank, ICICI Bank, and Infosys.

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.