Home >Markets >Stock Markets >Top 10 Indian firms lose 4.22 trillion in m-cap, TCS and Reliance worst hit

NEW DELHI : The 10 most valued domestic companies lost a massive 4,22,393.44 crore in market capitalisation last week, with heavyweights TCS and RIL taking the biggest hit.

In a nerve-wracking week for the markets, the BSE Sensex plummeted 3,473.14 points or 9.24%, largely in tandem with global equities which were hammered by panic selling amid the coronavirus pandemic.

The market capitalisation (m-cap) of TCS dropped by 1,16,549.07 crore to reach 6,78,168.49 crore for the week ended on Friday.

Reliance Industries' m-cap plummeted 1,03,425.15 crore to 7,01,693.52 crore.

Infosys was another major drag, with its valuation plunging 41,315.98 crore to 2,73,505.62 crore.

HDFC Bank's m-cap tanked 34,919.51 crore to reach 5,87,190.43 crore and that of Hindustan Unilever Limited tumbled 33,208.35 crore to 4,40,151.42 crore.

The valuation of Kotak Mahindra Bank declined 30,931.1 crore to 2,81,237.76 crore and that of ICICI Bank fell 25,098.54 crore to 2,89,606.69 crore.

Likewise, Bajaj Finance witnessed a drop of 16,320.81 crore in its m-cap to reach 2,37,989.09 crore.

Bharti Airtel suffered a decline of 13,611.62 crore in its valuation to stand at 2,69,613.64 crore. The market-cap of HDFC fell by 7,013.31 crore to 3,58,201.28 crore.

In the ranking of the 10 most valued firms, RIL remained at the top, followed by TCS, HDFC Bank, HUL, HDFC, ICICI Bank, Kotak Mahindra Bank, Infosys, Bharti Airtel and Bajaj Finance.

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