HDFC Bank's valuation dropped  ₹22,395.4 crore to  ₹6,54,084.95 crore (Reuters)
HDFC Bank's valuation dropped 22,395.4 crore to 6,54,084.95 crore (Reuters)

Nine of top-10 firms lose 88,609 crore in m-cap, HDFC Bank, TCS top losers

  • Reliance Industries was the lone gainer among the top-10 frontline companies, adding 11,415.21 crore to its m-cap for the week ended Frida
  • TCS m-cap dropped 20,150.31 crore to 7,90,983.93 crore

New Delhi: Nine of the 10 most valued firms suffered a combined erosion of 88,609.87 crore in market valuation last week, with HDFC Bank and TCS taking the biggest knock.

Reliance Industries Ltd (RIL) was the lone gainer among the top-10 frontline companies, adding 11,415.21 crore to its market capitalisation (m-cap) for the week ended Friday to reach 8,11,782.20 crore.

On the other hand, HDFC Bank's valuation plummeted 22,395.4 crore to 6,54,084.95 crore.

The m-cap of Tata Consultancy Services (TCS) dropped 20,150.31 crore to 7,90,983.93 crore.

Hindustan Unilever Ltd (HUL) suffered an erosion of 16,907.1 crore to stand at 3,70,895.36 crore, while that of Kotak Mahindra Bank tumbled 6367.64 crore to 2,83,393.30 crore.

The valuation of SBI tanked 6,291.85 crore to 3,24,454.25 crore and that of ICICI Bank dropped 5,925.68 crore to 2,75,568.83 crore.

ITC's valuation went down by 5,270.27 crore to 3,37,297.19 crore and that of HDFC fell by 3,795.66 crore to 3,89,340.06 crore.

The m-cap of Infosys dipped 1,505.96 crore to 3,12,292.54 crore.

In the ranking of top-10 firms, RIL was placed at the number one position, followed by TCS, HDFC Bank, HDFC, HUL, ITC, SBI, Infosys, Kotak Mahindra Bank and ICICI Bank.

Over the past week, the BSE Sensex fell by 777.16 points to close at 38,736.23 on Friday.

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