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Reliance Industries, Hindustan Unilever among companies with eroded valuations

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Market valuations of five of the most valuable companies fell last week

The combined market valuation of five of the top-10 most valuable companies fell by Rs 1,42,880.11 crore last week, with Hindustan Unilever, Reliance Industries and Tata Consultancy Services leading the way.

Last week, the BSE 30-share benchmark Sensex had lost 484.33 points or 0.79 per cent. Market benchmarks – Sensex and Nifty – fell for the fourth consecutive session on Friday.

The market valuation of Hindustan Unilever Limited (HUL) declined by Rs 45,523.33 crore to Rs 5,76,836.40 crore.

The valuation of Reliance Industries Limited (RIL) declined by Rs 45,126.6 crore to Rs 16,66,427.95 crore and that of Tata Consultancy Services (TCS) declined by Rs 41,151.94 crore to Rs 12,94,686.48 crore.

The market capitalization (Mcap) of Bajaj Finance fell by Rs 8,890.95 crore to Rs 4,65,576.46 crore and that of HDFC Bank Ltd fell by Rs 2,187.29 crore to Rs 9,31,371.72 crore.

In contrast, Kotak Mahindra Bank added Rs 30,747.78 crore, taking its valuation to Rs 4,30,558.09 crore.

The market valuation of ICICI Bank rose by Rs 22,248.14 crore to Rs 5,26,497.27 crore.

HDFC’s valuation rose by Rs 17,015.22 crore to Rs 5,24,877.06 crore and that of State Bank of India rose by Rs 11,111.14 crore to Rs 4,48,863.34 crore.

Infosys added Rs 1,717.96 crore and took its valuation to Rs 7,29,410.37 crore.

In the top-10 most valuable companies ranking, RIL leads the chart followed by TCS, HDFC Bank, Infosys, HUL, ICICI Bank, HDFC, Bajaj Finance, State Bank of India and Kotak Mahindra Bank.

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