<p>Eight of the ten most valued firms faced a combined erosion of Rs 1,17,493.78 crore in market valuation in an overall weak trend in equities last week, with Infosys taking the biggest hit.</p>.<p>Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank and ICICI Bank were among the eight companies that suffered a decline in their valuation. ITC and State Bank of India were the only gainers.</p>.<p>Last week, the 30-share BSE Sensex fell by 775.94 points or 1.28 per cent.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/icici-bank-q4-consolidated-net-jumps-27-to-rs-98527-cr-1212021.html" target="_blank">ICICI Bank Q4 consolidated net jumps 27% to Rs 9,852.7 cr</a></strong></p>.<p>The market valuation of Infosys plummeted by Rs 66,854.05 crore to Rs 5,09,215 crore. Infosys Ltd on April 13 reported lower-than-expected growth in the fourth quarter net profit and gave a weak 4-7 per cent revenue growth guidance for FY24 amid the tightening of IT budgets by clients following turmoil in the US banking sector.</p>.<p>HDFC Bank's valuation tumbled Rs 10,880.5 crore to Rs 9,33,937.35 crore.</p>.<p>ICICI Bank lost Rs 10,462.77 crore from its valuation which stood at Rs 6,17,477.46 crore and the market capitalisation (mcap) of TCS tanked Rs 10,318.52 crore to Rs 11,56,863.98 crore.</p>.<p>The mcap of Hindustan Unilever declined by Rs 8,458.53 crore to Rs 5,86,927.90 crore and that of HDFC fell by Rs 5,172.27 crore to Rs 5,06,264.24 crore.</p>.<p>The market valuation of Reliance Industries went lower by Rs 4,566.52 crore to Rs 15,89,169.49 crore and that of Bharti Airtel dipped Rs 780.62 crore to Rs 4,26,635.46 crore.</p>.<p>However, ITC's valuation jumped Rs 15,907.86 crore to Rs 5,07,373.82 crore and that of State Bank of India climbed Rs 8,746.11 crore to Rs 4,84,561.80 crore.</p>.<p>Reliance Industries remained the most valued firm, followed by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, Infosys, ITC, HDFC, State Bank of India and Bharti Airtel.</p>
<p>Eight of the ten most valued firms faced a combined erosion of Rs 1,17,493.78 crore in market valuation in an overall weak trend in equities last week, with Infosys taking the biggest hit.</p>.<p>Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank and ICICI Bank were among the eight companies that suffered a decline in their valuation. ITC and State Bank of India were the only gainers.</p>.<p>Last week, the 30-share BSE Sensex fell by 775.94 points or 1.28 per cent.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/icici-bank-q4-consolidated-net-jumps-27-to-rs-98527-cr-1212021.html" target="_blank">ICICI Bank Q4 consolidated net jumps 27% to Rs 9,852.7 cr</a></strong></p>.<p>The market valuation of Infosys plummeted by Rs 66,854.05 crore to Rs 5,09,215 crore. Infosys Ltd on April 13 reported lower-than-expected growth in the fourth quarter net profit and gave a weak 4-7 per cent revenue growth guidance for FY24 amid the tightening of IT budgets by clients following turmoil in the US banking sector.</p>.<p>HDFC Bank's valuation tumbled Rs 10,880.5 crore to Rs 9,33,937.35 crore.</p>.<p>ICICI Bank lost Rs 10,462.77 crore from its valuation which stood at Rs 6,17,477.46 crore and the market capitalisation (mcap) of TCS tanked Rs 10,318.52 crore to Rs 11,56,863.98 crore.</p>.<p>The mcap of Hindustan Unilever declined by Rs 8,458.53 crore to Rs 5,86,927.90 crore and that of HDFC fell by Rs 5,172.27 crore to Rs 5,06,264.24 crore.</p>.<p>The market valuation of Reliance Industries went lower by Rs 4,566.52 crore to Rs 15,89,169.49 crore and that of Bharti Airtel dipped Rs 780.62 crore to Rs 4,26,635.46 crore.</p>.<p>However, ITC's valuation jumped Rs 15,907.86 crore to Rs 5,07,373.82 crore and that of State Bank of India climbed Rs 8,746.11 crore to Rs 4,84,561.80 crore.</p>.<p>Reliance Industries remained the most valued firm, followed by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, Infosys, ITC, HDFC, State Bank of India and Bharti Airtel.</p>