Top 10 Companies Lose Rs 4.22 Lakh Crore In Market Capitalisation
An electronic ticker board indicates latest figures for the S&P BSE Sensex at the Bombay Stock Exchange building in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Top 10 Companies Lose Rs 4.22 Lakh Crore In Market Capitalisation

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The 10 most valued domestic companies lost a massive Rs 4,22,393.44 crore in market capitalisation last week, with heavyweights TCS and RIL taking the biggest hit.

In a nerve-wracking week for the markets, the Sensex plummeted 3,473.14 points or 9.24 percent, largely in tandem with global equities which were hammered by panic selling amid the coronavirus pandemic.

The market capitalisation of TCS dropped by Rs 1,16,549.07 crore to reach Rs 6,78,168.49 crore for the week ended Friday.

Reliance Industries' m-cap plummeted Rs 1,03,425.15 crore to Rs 7,01,693.52 crore.

Infosys was another major drag, with its valuation plunging Rs 41,315.98 crore to Rs 2,73,505.62 crore.

Also read: What F&O Market Points To After Friday’s Bear Squeeze

HDFC Bank's m-cap tanked Rs 34,919.51 crore to reach Rs 5,87,190.43 crore and that of Hindustan Unilever Limited tumbled Rs 33,208.35 crore to Rs 4,40,151.42 crore.

The valuation of Kotak Mahindra Bank declined Rs 30,931.1 crore to Rs 2,81,237.76 crore and that of ICICI Bank fell Rs 25,098.54 crore to Rs 2,89,606.69 crore.

Likewise, Bajaj Finance witnessed a drop of Rs 16,320.81 crore in its market-cap to reach Rs 2,37,989.09 crore.

Bharti Airtel suffered a decline of Rs 13,611.62 crore in its valuation to stand at Rs 2,69,613.64 crore. The market-cap of HDFC fell by Rs 7,013.31 crore to Rs 3,58,201.28 crore.

In the ranking of the 10 most valued firms, RIL remained at the top, followed by TCS, HDFC Bank, HUL, HDFC, ICICI Bank, Kotak Mahindra Bank, Infosys, Bharti Airtel and Bajaj Finance.

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