{"id":112222,"date":"2024-08-11T07:45:31","date_gmt":"2024-08-11T07:45:31","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/08\/11\/mcap-of-8-of-top-10-most-valued-firms-erodes-by-rs-1-66-lakh-cr-reliance-lic-biggest-laggards-times-of-india\/"},"modified":"2024-08-11T07:45:31","modified_gmt":"2024-08-11T07:45:31","slug":"mcap-of-8-of-top-10-most-valued-firms-erodes-by-rs-1-66-lakh-cr-reliance-lic-biggest-laggards-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/08\/11\/mcap-of-8-of-top-10-most-valued-firms-erodes-by-rs-1-66-lakh-cr-reliance-lic-biggest-laggards-times-of-india\/","title":{"rendered":"Mcap of 8 of top-10 most valued firms erodes by Rs 1.66 lakh cr; Reliance, LIC biggest laggards &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/i0.wp.com\/static.toiimg.com\/photo\/msid-112439033,imgsize-1129199.cms?resize=1280,720&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Mcap of 8 of top-10 most valued firms erodes by Rs 1.66 lakh cr; Reliance, LIC biggest laggards &#8211; Times of India\" title=\"Mcap of 8 of top-10 most valued firms erodes by Rs 1.66 lakh cr; Reliance, LIC biggest laggards &#8211; Times of India\" \/><\/div>\n<div>NEW DELHI: The combined <!-- -->market valuation<!-- --> of eight of the <!-- -->top-10<!-- --> most valued firms eroded by Rs 1,66,954.07 crore last week, with <!-- -->Reliance Industries<!-- --> and Life Insurance Corporation of India emerging as the biggest laggards, in line with weak trend in <!-- -->equities<!-- -->. Last week, the <!-- -->BSE benchmark<!-- --> slumped 1,276.04 points or 1.57 per cent. <br \/> The market capitalisation (mcap) of Reliance Industries tanked from Rs 33,930.56 crore to Rs 19,94,765.01 crore, the most among the top-10 firms. <br \/> The valuation of the Life Insurance Corporation of India (<!-- -->LIC<!-- -->) slumped Rs 30,676.24 crore to Rs 7,17,001.74 crore. <br \/>State Bank of India<!-- --> lost Rs 21,151.33 crore from its valuation which stood at Rs 7,35,566.52 crore. <br \/> The market valuation of <!-- -->Infosys<!-- --> dived Rs 20,973.19 crore to Rs 7,35,277.28 crore and that of <!-- -->Tata Consultancy Services<!-- --> (TCS) tumbled Rs 19,157.77 crore to Rs 15,30,469.11 crore. <br \/> Bharti Airtel&#8217;s mcap got wiped out by Rs 16,993.56 crore to Rs 8,33,396.32 crore and ICICI Bank suffered an erosion of Rs 16,975.55 crore to Rs 8,25,201.23 crore. <br \/> The valuation of <a href=\"https:\/\/timesofindia.indiatimes.com\/business\/banking\/hdfc-bank\" styleobj=\"[object Object]\" class=\"\" frmappuse=\"1\">HDFC Bank<\/a> declined by Rs 7,095.87 crore to Rs 12,56,505.53 crore. <br \/> However, the mcap of Hindustan Unilever jumped Rs 12,946.24 crore to reach Rs 6,45,808.65 crore. <br \/> The valuation of ITC climbed Rs 8,406.26 crore to Rs 6,19,829.37 crore. <br \/> Reliance Industries retained the title of the most valued firm followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, Hindustan Unilever and ITC.<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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Last week, the BSE benchmark slumped 1,276.04 points or 1.57 per cent. The [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":112223,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/photo\/msid-112439033,imgsize-1129199.cms","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[1424,64607,289,24701,92174,1966,14010,273,5389,35667,5957,21699,35665,11204,5989,17789,3557,5385,272,52169,52157,33948],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/112222"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=112222"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/112222\/revisions"}],"predecessor-version":[{"id":112224,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/112222\/revisions\/112224"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/112223"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=112222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=112222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=112222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}