Seven of top 10 companies lose more than Rs1 Lakh CR in M-Cap

NEW DELHI : Seven of the 10 most popular domestic companies experienced combined erosion 1.07,566.64 crore of their market valuation last week, with Reliance Industries accounting for about half of the losses.

Last week, the 30-stock Sensex benchmark on BSE fell 849.74 points or 1.70%.

Only Tata Consultancy Services (TCS), Hindustan Unilever Limited and HDFC in the top 10 saw their market capitalization increase.

The valuation of the major Reliance Industries Limited (RIL) index has fallen 55,565.21 crore to reach 12,64,243.20 crore.

Bajaj Finance’s market capitalization plunged 16,197.55 crore to 3,12,327,04 crore and that of the State Bank of India (SBI) fell by 12,494.45 crore to 3,18,697,88 crore.

The valuation of Kotak Mahindra Bank fell 11,681.66 crore to 3,51,272,18 crore and that of ICICI Bank has decreased 5,467.63 crore to 4,00,093,61 crore.

Infosys market capitalization fell 3,751.92 crore to 5,69,352.11 crore.

HDFC Bank valuation eroded by 2,408,22 crore to reach 8,22,616.51 crore.

On the other hand, Tata Consultancy Services added 1,812.54 crore to bring its valuation to 11.34,924.45 crore.

Hindustan Unilever’s valuation soared 364.19 crore to 5,43,924,22 crore and that of HDFC has increased 62.77 crore to 4,56,741.20 crore.

In the ranking of the 10 most popular companies, Reliance Industries led the chart, followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, HDFC, ICICI Bank, Kotak Mahindra Bank, SBI and Bajaj Finance.

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