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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