8 top valued firms saw combined ₹1.60 trn erosion in valuation last week

Quick Summary:

While Reliance Industries, HDFC Bank, Tata Consultancy Services (TCS), Bharti Airtel, ICICI Bank, State Bank of India, Bajaj Finance, and ITC faced erosion from their market valuation, Infosys, and Hindustan Unilever made gains on the other hand.

The combined market valuation of eight of the top-10 most valued firms eroded by Rs 1,60,314.48 crore last week, with Reliance Industries taking the biggest hit, in line with a sluggish trend in equities.

ICICI Bank's market valuation dropped Rs 30,185.36 crore to Rs 9,90,015.33 crore.

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Category: BusinessFinance

Markets: India

Topics: Markets Mcap Reliance industries Markets Market valuations Reliance

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-11 @ 11:10:57 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 421 words

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Sentences: 19 lines

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Copyright Owner: © Business Standard

News ID: 28555488

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