M-cap of 9 out of 10 top firms plunges by Rs 2.2 lakh crore; Reliance Industries lone gainer
The market capitalisation (m-cap) of nine out of 10 most-valued firms plummeted by Rs 2,19,920.71 crore last week. This was in line with a bearish broader market trend. While Sensex lost 1,789 points or 3.52 per cent, Nifty fell 452 points or 3.02 per cent during the week.
Bucking the trend, Reliance Industries (RIL), the country's most valued firm, was the lone gainer in the list of top 10 most-valued companies.
IT major Tata Consultancy Services (TCS) was among top losers, followed by HDFC Bank, ICICI Bank, Infosys, HDFC, HUL, Bajaj Finance, Kotak Mahindra Bank, among others.
TCS saw its market cap eroding by Rs 81,506.34 crore to Rs 10,71,263.77 crore. The valuation of HDFC Bank dipped by Rs 2,202.12 crore to Rs 8,45,552.53 crore.
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