Six of top-10 Indian firms lose ₹81,148 crore in m-cap, Reliance hit hard1 min read . Updated: 26 Jan 2020, 11:10 AM IST
- The market valuation of Reliance Industries, the country's most valued firm, plunged ₹37,369.7 crore to ₹9,64,639.40 crore
- TCS, HDFC Bank, HDFC, Kotak Mahindra Bank and ITC were the other bluechips which witnessed a drop in their market capitalisation for the week ended Friday
NEW DELHI : Six of the 10 most valued Indian companies suffered a combined erosion of ₹81,148 crore from their market capitalisation last week, with Reliance Industries Limited (RIL) taking the biggest knock.
Tata Consultancy Services (TCS), HDFC Bank, HDFC, Kotak Mahindra Bank and ITC were the other bluechips which witnessed a drop in their market capitalisation (m-cap) 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 ₹37,369.7 crore to ₹9,64,639.40 crore.
HDFC Bank's m-cap also took a sharp hit, tumbling ₹18,257.4 crore to ₹6,81,624.54 crore.
Likewise, the valuation of TCS tanked ₹12,551.70 crore to ₹8,19,745.96 crore and that of Kotak Mahindra Bank dropped ₹10,290.90 crore to ₹3,14,164.59 crore.
ITC's valuation fell ₹2,150.95 crore to ₹2,92,651.70 crore and that of HDFC declined ₹527.35 crore to reach ₹4,23,766.51 crore.
In contrast, Infosys' m-cap jumped ₹6,430.54 crore to ₹3,33,429.93 crore and that of SBI climbed ₹5,399.39 crore to ₹2,89,202.04 crore.
Hindustan Unilever Limited (HUL) added ₹2,998.26 crore to its market cap to stand at ₹4,48,776.36 crore.
The valuation of ICICI Bank rose ₹1,978.04 crore to ₹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 (SBI).
During the week, the Sensex shed 332.18 points or 0.79%.