The combined market valuation of seven of India’s 10 most valuable companies declined by Rs 1.54 lakh crore last week, with the biggest decline being led by Reliance Industries. The losses came during the holiday trading week, in which the BSE Sensex fell 639.61 points or 0.84%, while the NSE Nifty slipped 171.55 points or 0.72%.Among the country’s top 10 companies by market value, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance and Hindustan Unilever saw a decline in their valuations. In contrast, State Bank of India, Larsen & Toubro and Life Insurance Corporation of India (LIC) recorded profits.The biggest decline was recorded in Reliance Industries, its market capitalization fell by Rs 46,078.3 crore to Rs 17,87,039.40 crore.HDFC Bank’s valuation declined by Rs 33,333.06 crore, taking its market value to Rs 11,46,641.84 crore.Bharti Airtel lost Rs 25,408.96 crore in valuation, taking its market capitalization to Rs 11,14,886.53 crore at the end of the week. TCS also saw a huge decline and its valuation dropped by Rs 22,920.58 crore to Rs 8,15,480.75 crore.The market value of Hindustan Unilever declined by Rs 13,169.46 crore to Rs 5,04,210.54 crore. Bajaj Finance’s valuation declined by Rs 7,253.24 crore, taking its market capitalization to Rs 5,63,262.33 crore, while ICICI Bank’s valuation declined by Rs 6,311.41 crore to Rs 9,00,589.91 crore.On the gain side, Larsen & Toubro added Rs 20,608.43 crore and market capitalization reached Rs 5,60,836.64 crore.State Bank of India’s valuation rose by Rs 13,753.62 crore to Rs 8,89,831.54 crore, while LIC’s market cap rose by Rs 6,040.37 crore, taking its market value to Rs 5,20,484.06 crore.Despite the weekly decline, Reliance Industries retained its position as India’s most valuable company. This was followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever.(Disclaimer: The recommendations and views given by experts on the stock market, other asset classes or personal finance management are their own. These opinions do not represent the views of The Times of India)