8 of the top 10 most valuable companies have a makeup of Rs. 2.81 lakh crore decreased; SBI is far behind

Last week, eight of the top 10 most-valued firms had a combined market valuation of Rs. 2,81,581.53 crore, with State Bank of India the biggest hit, due to weak trend in equities.

Last week, the BSE benchmark fell by 2,368.29 points or 2.91 percent.

Ajit Mishra, SVP, Research, Religare Broking Ltd said, “Markets ended the holiday-shortened week with heavy losses as rising geopolitical tensions in West Asia and a sharp rise in crude oil prices weighed heavily on investor sentiment.”

Only Reliance Industries and Infosys benefited from the top-10 pack.

The market valuation of State Bank of India is Rs. 53,952.96 crore reduced to Rs. 10,55,567.27 crores.

ICICI Bank is valued at Rs. 46,936.82 crore reduced to Rs. 9,40,049.82 crore and HDFC Bank at Rs. 46,552.3 crore down to Rs. 13,19,107.08 crores.

Larsen & Toubro is valued at Rs. 45,629.03 crore reduced to Rs. 5,43,208.36 crores.

Bajaj Finance has a market capitalization (mcap) of Rs. 28,934.56 crore reduced to Rs. 5,91,136.03 crore and Tata Consultancy Services (TCS) has a market cap of Rs. 28,492.44 crore reduced to Rs. 9,25,380.15 crores.

Hindustan Unilever’s mcap fell by Rs 26,350.67 crore to Rs. 5,23,042.51 crore and Bharti Airtel’s market cap is Rs. 4,732.75 crore reduced to Rs. 10,67,120.50 crores.

However, the market valuation of Reliance Industries is Rs. 14,750.39 crore to Rs. 19,01,583.05 crores.

Infosys mcap Rs. 3,459.99 crore to Rs. 5,30,546.54 crores.

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