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Seven Of Top 10 Firms Lose Rs 1.34 Lakh Crore In Market Cap; RIL Biggest Laggard

Barring HUL, Bajaj Finance and ITC, others in the top-10 club suffered erosion in their market valuation.

<div class="paragraphs"><p>Down arrow. (Photo:&nbsp;Ussama Azam/Unsplash)</p></div>
Down arrow. (Photo: Ussama Azam/Unsplash)

The combined market valuation of seven of the 10 most valued firms eroded by Rs 1,34,139.14 crore last week, with Reliance Industries Ltd. taking the biggest hit.

Last week, the Sensex lost 741.87 points or 1.26% amid an overall weak trend in equities.

Barring Hindustan Unilever Ltd., Bajaj Finance Ltd. and ITC Ltd., others in the top-10 club suffered erosion in their market valuation.

The valuation of Reliance Industries tumbled by Rs 40,558.31 crore to reach Rs 16,50,307.10 crore.

HDFC Bank's market capitalisation declined by Rs 25,544.89 crore to Rs 8,05,694.57 crore.

The valuation of Adani Transmission Ltd. eroded by Rs 24,630.08 crore to Rs 4,31,662.20 crore and that of ICICI Bank fell by Rs 18,147.49 crore to Rs 6,14,962.99 crore.

State Bank of India's market cap diminished by Rs 9,950.94 crore to Rs 4,91,255.25 crore and that of Tata Consultancy Services Ltd. dipped Rs 9,458.65 crore to Rs 10,91,421.84 crore.

The market cap of Infosys Ltd. fell by Rs 5,848.78 crore to stand at Rs 5,74,463.54 crore.

However, HUL added Rs 35,467.08 crore, taking its valuation to Rs 6,29,525.99 crore.

ITC's valuation jumped Rs 20,381.61 crore to Rs 4,29,198.61 crore and that of Bajaj Finance climbed Rs 13,128.73 crore to Rs 4,54,477.56 crore.

Reliance Industries retained its top spot in the list of the most valued Indian firms, followed by TCS, HDFC Bank, HUL, ICICI Bank, Infosys, SBI, Bajaj Finance, Adani Transmission and ITC.