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Business News/ Markets / Stock Markets/  Seven of top 10 firms lose 1.89 lakh crore in m-cap; RIL takes biggest hit
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Seven of top 10 firms lose ₹1.89 lakh crore in m-cap; RIL takes biggest hit

Reliance Industries's valuation tumbled ₹87,732.8 crore to reach ₹8,76,906.57 crore
  • The market capitalisation of HDFC plummeted ₹31,148.4 crore to ₹3,92,618.14 crore
  • Kotak Mahindra Bank's valuation rose by ₹1,182.02 crorePremium
    Kotak Mahindra Bank's valuation rose by 1,182.02 crore

    New Delhi: Seven of the 10 most valued companies suffered a combined loss of 1.89 lakh crore in market valuation last week, led by Reliance Industries which alone took a hit of 87,732.8 crore.

    The 30-share BSE Sensex plummeted by 1,877.66 points to close below the key 40,000-mark at 39,735.53 last week.

    RIL's valuation tumbled 87,732.8 crore to reach 8,76,906.57 crore.

    The market capitalisation (m-cap) of HDFC plummeted 31,148.4 crore to 3,92,618.14 crore and that of HDFC Bank by 24,736 crore to 6,56,888.50 crore.

    The m-cap of ICICI Bank dropped 19,044.7 crore to 3,26,410.37 crore and that of SBI cracked 18,652.4 crore to 2,70,549.60 crore.

    The valuation of Tata Consultancy Services (TCS) declined 7,317.15 crore to 8,12,428.81 crore and that of Infosys dipped 1,149.83 crore to 3,32,280.10 crore.

    In contrast, Bharti Airtel which made its entry into the top-10 list, added 2,392.15 crore to 2,71,332.15 crore in its valuation.

    Kotak Mahindra Bank's valuation rose by 1,182.02 crore to 3,15,346.61 crore and that of Hindustan Unilever Limited (HUL) gained 119.07 crore to 4,48,895.43 crore.

    In the ranking of top-10 firms, RIL remained at the number one place followed by TCS, HDFC Bank, HUL, HDFC, Infosys, ICICIBANK, Kotak Mahindra Bank, Bharti Airtel and SBI.

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    Published: 02 Feb 2020, 12:53 PM IST
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