Six Of Top-10 Firms Lose Rs 81,148 Crore In Market Capitalisation; RIL Hit Hard
Six of the 10 most valued Indian companies suffered a combined erosion of Rs 81,148 crore from their market capitalisation last week, with Reliance Industries Ltd. taking the biggest knock.
Tata Consultancy Services Ltd., HDFC Bank, HDFC Ltd., Kotak Mahindra Bank and ITC Ltd. were the other bluechips which witnessed a drop in their market capitalisation for the week ended Friday, while HUL, ICICI Bank, Infosys and SBI finished on the gainers' side.
The market valuation of RIL, the country's most valued firm, plunged Rs 37,369.7 crore to Rs 9,64,639.40 crore. HDFC Bank's m-cap also took a sharp hit, tumbling Rs 18,257.4 crore to Rs 6,81,624.54 crore.
Likewise, the valuation of TCS tanked Rs 12,551.70 crore to Rs 8,19,745.96 crore and that of Kotak Mahindra Bank dropped Rs 10,290.90 crore to Rs 3,14,164.59 crore. ITC's valuation fell Rs 2,150.95 crore to Rs 2,92,651.70 crore and that of HDFC declined Rs 527.35 crore to reach Rs 4,23,766.51 crore.
In contrast, Infosys' market cap jumped Rs 6,430.54 crore to Rs 3,33,429.93 crore and that of SBI climbed Rs 5,399.39 crore to Rs 2,89,202.04 crore. Hindustan Unilever Ltd. added Rs 2,998.26 crore to its market cap to stand at Rs 4,48,776.36 crore.
The valuation of ICICI Bank rose Rs 1,978.04 crore to Rs 3,45,455.10 crore. In the ranking of top-10 firms, RIL led the chart, followed by TCS, HDFC Bank, HUL, HDFC, ICICI Bank, Infosys, Kotak Mahindra Bank, ITC and State Bank of India.
During the week, the Sensex shed 332.18 points or 0.79 percent.