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Six of the 10 most valued Indian firms suffered a combined erosion of ₹42,827.39 crore in market valuation last week, with IT major TCS taking the biggest hit.
Among the top 10 firms ITC, HUL, Kotak Mahindra Bank, and ICICI Bank made gains in their market capitalisation (m-cap) for the week ended Friday, while Reliance Industries Ltd (RIL), TCS, HDFC Bank, HDFC, Infosys, and SBI finished with losses.
The m-cap of Tata Consultancy Services (TCS) slumped ₹14,146.5 crore to ₹7,55,636.47 crore.
HDFC Bank’s valuation plunged ₹9,967.3 crore to ₹6,16,869.80 crore and that of RIL dropped ₹8,327.77 crore to reach ₹8,50,628.63 crore.
The m-cap of HDFC declined ₹5,198.74 crore to ₹3,48,806.25 crore and that of Infosys tumbled ₹3,669.9 crore to ₹3,26,730.54 crore.
SBI’s valuation also fell by ₹1,517.19 crore to ₹2,81,393 crore.
On the other hand, the m-cap of ITC zoomed ₹13,423.2 crore to ₹3,74,623.78 crore.
HUL’s valuation jumped ₹13,237.17 crore to ₹3,72,513.16 crore and ICICI Bank gained ₹2,549.65 crore to stand at ₹2,54,278.86 crore.
Also, Kotak Mahindra Bank added ₹2,039.41 crore to its m-cap to reach ₹2,56,822.96 crore.
In the ranking of top 10 firms, RIL remained at the number one place, followed by TCS, HDFC Bank, ITC, Hindustan Unilever Ltd (HUL), HDFC, Infosys, SBI, Kotak Mahindra Bank and ICICI Bank.
During the last week, the BSE benchmark Sensex fell 95.12 points or 0.24 per cent to close at 38,767.11 on Friday.
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