India's Top 10 Most Valued Firms Lose $21.53 Billion in Market Cap

On Monday, the top 10 most valued firms in India experienced a significant loss in market valuation, shedding a total of ₹2,58,376 crore (US $21.53 Billion). Reliance Industries Ltd. (RIL) and Tata Consultancy Services Ltd. (TCS) were the primary contributors to this decline.

1. Reliance Industries Ltd. (RIL): Lost ₹69,454 crore, bringing its market cap to ₹19.59 lakh crore.

2. Tata Consultancy Services Ltd. (TCS): Lost ₹45,024 crore, resulting in a market cap of ₹15.22 lakh crore.

3. HDFC Bank Ltd.: Also experienced a decline, losing ₹32,723 crore, with a market capitalization of ₹12.26 lakh crore.

4. State Bank of India (SBI): Saw its valuation decrease by ₹33,780 crore, reaching ₹7.22 lakh crore.

5. Hindustan Unilever Ltd. (HUL): Interestingly, HUL was the only gainer during this session, with its market cap rising by ₹6,449 crore to ₹6.39 lakh crore.

Overall, Reliance Industries remained the most valued firm, followed by TCS, HDFC Bank, Bharti Airtel Ltd., ICICI Bank Ltd., State Bank of India, Infosys, Hindustan Unilever Ltd., ITC Ltd., and Larsen & Toubro Ltd. Despite the losses, the Indian benchmark indices ended at their lowest levels since June 28, reflecting the impact of these market fluctuations.

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