The market capitalization of 8 of the top 10 most valuable companies decreases by Rs 1.65 lakh crore, with TCS being heavily affected.

Last week, the stock market saw a significant decrease in the combined value of eight of the top-10 most valuable companies, causing a loss of Rs 1,65,784.9 crore. This decline can be attributed to the overall bearish trend in the equities market.
During this time, the BSE benchmark experienced a decline of 628.15 points (0.82%) and the Nifty also went down by 133.35 points (0.58%). The biggest hit was taken by Tata Consultancy Services, whose market valuation dropped by Rs 53,185.89 crore to reach Rs 13,69,717.48 crore. Following closely behind was Bharti Airtel, whose market capitalisation decreased by Rs 44,407.77 crore to Rs 9,34,223.77 crore.
Other companies that faced significant losses include ICICI Bank, whose valuation tumbled by Rs 18,235.45 crore to Rs 8,70,579.68 crore, and Hindustan Unilever, which saw a plunge of Rs 17,962.62 crore in its market valuation, bringing it down to Rs 5,26,684.38 crore. Infosys also experienced an erosion of Rs 17,086.61 crore from its market valuation, which now stands at Rs 7,53,700.15 crore.
Meanwhile, ITC's market capitalisation decreased by Rs 11,949.42 crore to reach Rs 5,01,750.43 crore and HDFC Bank's value diminished by Rs 2,555.53 crore, bringing its market valuation down to Rs 12,94,152.82 crore. State Bank of India also saw a decline of Rs 401.61 crore in its valuation, which now stands at Rs 6,43,955.96 crore.
On a positive note, Reliance Industries saw a jump in its market capitalisation, adding Rs 14,547.3 crore to reach Rs 16,61,369.42 crore. Similarly, Bajaj Finance also saw an increase of Rs 384.33 crore in its mcap, which now stands at Rs 5,20,466.75 crore.
As of now, Reliance Industries remains the most valuable company, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, Bajaj Finance, and ITC. This is the current state of the market, according to PTI.

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