Seven Of Top-10 Companies Lose Rs 76,164 Crore In Market Cap, TCS Worst Hit
Seven of the 10 most valued domestic firms suffered a combined erosion of Rs 76,164.3 crore in market capitalisation last week, with Tata Consultancy Services Ltd. taking the biggest knock.
The market capitalisation of Tata Consultancy Services dropped Rs 39,118.6 crore to Rs 7,76,950.02 crore.
Kotak Mahindra Bank Ltd.'s valuation tumbled Rs 10,410.2 crore to Rs 2,99,602.51 crore and that of Infosys tanked Rs 7,174.59 crore to reach Rs 2,95,174.92 crore.
ITC Ltd.'s valuation fell Rs 3,686.3 crore to Rs 3,04,304.16 crore. ICICI Bank lost Rs 1,586.19 crore in valuation to stand at Rs 3,21,139.67 crore.
In contrast, the market cap of RIL zoomed Rs 48,874.91 crore to Rs 9,80,287.54 crore.
Also, SBI added Rs 6,381.1 crore to its m-cap to reach Rs 2,93,753.59 crore. The valuation of HDFC advanced Rs 2,098.74 crore to Rs 3,86,298.69 crore.
In the ranking of top-10 firms, RIL remained at the top position, followed by TCS, HDFC Bank, HUL, HDFC, ICICI Bank, ITC, Kotak Mahindra Bank, Infosys and SBI.
During the last week, the Sensex inched up 2.72 points.