ICICI Bank, TCS and HDFC are among the twins of 8 of the top 10 most rated Indian companies, losing over Rs 1 crore in market cap

Eight of the top 10 companies faced a combined market valuation erosion of Rs.1,03,732.39 crore last week, with Reliance Industries and ICICI Bank taking the biggest hit amid an overall weak stock trend.

During the holiday-shortened week, the 30-track BSE Sensex fell 673.84 points, or 1.12 percent, amid concerns over the magnitude of the next Federal Reserve rate hike.

With the exception of Bharti Airtel and ITC, eight companies suffered from market capitalization (mcap) erosion.

Reliance Industries’ market valuation plummeted by Rs 41,878.37 crore to Rs 15,71,724.26 crore, the largest among the top 10 companies.

ICICI Bank mcap fell by Rs. 18,134.73 to Rs. 5,88,379.98 crore.

The valuation of HDFC Bank fell by Rs.15,007.38 crore to Rs.8,86,300.20 and that of State Bank of India by Rs.12,360.59 crore to Rs.4,88,399.39 crore.

The market valuation of HDFC decreased by Rs. 6,893.18 crore to Rs. 4,77,524.24 crore.

The valuation of Tata Consultancy Services (TCS) fell by Rs 4,281.09 crore to Rs 12,18,848.31 crore.

Infosys’ valuation fell Rs 3,555.83 crore to Rs 6,19,155.97 crore and Hindustan Unilever fell Rs 1,621.22 crore to Rs 5,78,739.57 crore.

However, Bharti Airtel added Rs.5,071.99 crore, increasing its valuation to Rs.4,31,230.51 crore.

ITC’s mcap increased by Rs 4,036.2 crore to Rs 4,81,922.33 crore.

Reliance Industries remained the highest rated company, followed by TCS, HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever, State Bank of India, ITC, HDFC and Bharti Airtel.