Eight Of Top 10 Companies Suffer Rs 1.35 Lakh Crore-Hit In Market Valuation
Eight of the 10 most valued Indian firms suffered a combined loss of over Rs 1.35 lakh crore in market capitalisation last week with the benchmark S&P BSE Sensex Index diving around 3 percent.
Tata Consultancy Services Ltd., Reliance Industries Ltd. and Infosys Ltd. took a severe beating in market valuation, while only two bluechips—HDFC Ltd. and ICICI Bank Ltd.—managed to record gains in market capitalisation for the week ended Friday.
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ICICI Bank Ltd. last week made its entry into the top-10 list.
In the ranking of top-10 firms, Tata Consultancy Services stood at pole position followed by Reliance Industries Ltd., HDFC Bank Ltd., ITC Ltd., Hindustan Unilever Ltd., HDFC Ltd., Infosys Ltd., State Bank of India, Kotak Mahindra Bank Ltd. and ICICI Bank.
Over the last week, the 30-stock key index fell by 966.32 points, or about 3 per cent, to close at 33,349.31.