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Market cap tracker: ICICI Bank, Hindustan Unilever decline in valuation despite market rally

Reliance Industries, the country's largest company, was the biggest gainer as it soared Rs 53,652.92 crore to record a valuation of Rs 20,65,197.60 crore

Representational image | Shutterstock/Reuters

Though the 30-stock BSE benchmark Sensex jumped 1.21 per cent last week, hitting a record high of 85,978.25 points on Friday, two of the Top 10 stocks saw a dip: ICICI Bank and Hindustan Unilever.

ICICI Bank, the second largest private lender in the country, plunged by Rs 23,706.16 crore to settle at Rs 9,20,520.72 crore while Hindustan Unilever, the country's largest fast-moving consumer goods (FMCG) firm, slumped by Rs 3,195.44 crore to Rs 6,96,888.77 crore.

The remaining eight companies in the Top 10 list rallied by recording a combined market capitalisation of Rs 1,21,270.83 crore last week.

Reliance Industries, the country's largest company, was the biggest gainer as it soared Rs 53,652.92 crore to record a valuation of Rs 20,65,197.60 crore.

Public lender State Bank of India surged Rs 18,518.57 crore to report a market cap of Rs 7,16,333.98 crore while telecom major Bharti Airtel climbed Rs 13,094.52 crore to Rs 9,87,904.63 crore.

ITC, another FMCG stock in the Top 10, was valued at Rs 6,53,834.72 crore after rising Rs 9,927.3 crore.

IT giants Tata Consultancy Services (TCS) and Infosys also became net gainers last week. TCS zoomed Rs 8,592.96 crore to Rs 15,59,052 crore while Infosys ascended Rs 459.05 crore to Rs 7,91,897.44 crore.

The market capital of HDFC Bank, the largest private bank, hiked Rs 8,581.64 crore to Rs 13,37,186.93 crore while Life Insurance Corporation of India (LIC) leaped Rs 8,443.87 crore to Rs 6,47,616.51 crore.

Reliance Industries continues to be the most valued company in the country. The remaining firms in the top 10 list in terms of market capital are TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, ITC and LIC.