BackTop 10 companies lose ₹2.5 lakh crore in market cap last week
Selloff in equity markets pulled down the combined market valuation of the top 10 most valued Indian companies by a whopping ₹2,55,995 crore last week, with RIL, TCS and ITC taking the steepest hit
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New Delhi: A weak broader market pulled down the combined market valuation of the top 10 most valued Indian companies by a whopping ₹ 2,55,995 crore last week, with RIL taking the steepest hit. The equity market witnessed severe drubbing last week, with the BSE benchmark Sensex falling sharply by 1,850.15 points to end at 34,376.99.
From the top 10 pack, RIL’s market capitalisation (m-cap) plummeted ₹ 1,32,061.4 crore to ₹ 6,65,441.16 crore. Tata Consultancy Services (TCS) took the second biggest hit, with its valuation plunging ₹ 31,164.6 crore to ₹ 8,05,187.65 crore, while that of ITC tanked ₹ 23,932.94 crore to ₹ 3,39,284.67 crore.
Kotak Mahindra Bank’s m-cap nosedived ₹ 17,091.72 crore to ₹ 2,00,874.28 crore and that of Maruti Suzuki India slumped ₹ 13,821.67 crore to ₹ 2,08,223.79 crore.
HDFC Bank suffered an erosion of ₹ 11,629.51 crore to ₹ 5,33,340.93 crore and that of Hindustan Unilever Ltd (HUL) fell sharply by ₹ 10,433.61 crore to ₹ 3,37,566.18 crore.
The valuation of HDFC dived ₹ 6,812.89 crore to ₹ 2,90,520.19 crore and that of SBI went down by ₹ 6,425.7 crore to ₹ 2,30,075.87 crore.
Similarly, the m-cap of Infosys fell by ₹ 2,621.03 crore to ₹ 3,15,331.73 crore.
In the ranking of top-10 firms, TCS stood at number one position, followed by Reliance Industries Ltd (RIL), HDFC Bank, ITC, HUL, Infosys, HDFC, SBI, Maruti and Kotak Mahindra Bank.
This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.
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