Nine Of Top-10 Firms Lose Rs 88,609 Crore In Market Valuation
Apart from RIL, nine major companies lose money in the markets this week
Nine of the 10 most valued firms suffered a combined erosion of Rs 88,609.87 crore in market valuation last week, with HDFC Bank Ltd. and Tata Consultancy Services Ltd. taking the biggest knock.
Reliance Industries Ltd. was the lone gainer among the top-10 frontline companies, adding Rs 11,415.21 crore to its market capitalisation for the week that ended Friday to reach Rs 8,11,782.20 crore.
On the other hand, HDFC Bank's valuation plummeted Rs 22,395.4 crore to Rs 6,54,084.95 crore. The m-cap of Tata Consultancy Services dropped Rs 20,150.31 crore to Rs 7,90,983.93 crore.
Hindustan Unilever Ltd. suffered an erosion of Rs 16,907.1 crore to stand at Rs 3,70,895.36 crore, while that of Kotak Mahindra Bank Ltd. tumbled Rs 6367.64 crore to Rs 2,83,393.30 crore.
The valuation of State Bank of India tanked Rs 6,291.85 crore to Rs 3,24,454.25 crore and that of ICICI Bank Ltd. dropped Rs 5,925.68 crore to Rs 2,75,568.83 crore.
The m-cap of Infosys Ltd. dipped Rs 1,505.96 crore to Rs 3,12,292.54 crore.
In the ranking of top-10 firms, RIL was placed at the number one position, followed by TCS, HDFC Bank, HDFC, HUL, ITC, SBI, Infosys, Kotak Mahindra Bank and ICICI Bank.
Over the past week, the BSE Sensex fell by 777.16 points to close at 38,736.23 on Friday.