Nine of the 10 most-valued companies lost a whopping ₹2,19,920.71 lakh crore in their total market valuation last week with the barometer Sensex tanking more than 3%.
Reliance Industries (RIL) was the only scrip to post gains in its market valuation among the top 10 valued companies.
Among losers, Tata Consultancy Services’ market valuation tanked ₹81,506.34 crore to ₹10,71,263.77 crore. The valuation of HDFC Bank declined by ₹2,202.12 crore to reach ₹8,45,552.53 crore.
The market capitalisation (m-cap) of ICICI Bank dropped by ₹18,098.57 crore to ₹4,13,078.87 crore and that of Hindustan Unilever by ₹11,536.32 crore to ₹5,00,937.14 crore.
HDFC’s valuation declined by ₹35,389.88 crore to reach ₹4,57,518.73 crore and that of Infosys by ₹16,613.57 crore to ₹5,33,487.07 crore.
The market capitalisation of Bajaj Finance fell by ₹15,712.46 crore to ₹3,15,653.33 crore and that of Kotak Mahindra Bank dipped ₹30,695.43 crore to ₹3,53,081.63 crore.
The valuation of SBI went down by ₹8,166.02 crore to reach ₹3,48,238.34 crore.
Lone gainer RIL, on the other hand, added ₹2,092.01 crore to its valuation which stood at ₹13,21,044.35 crore at close on Friday.
Key benchmark index Sensex dropped by 1,786 points or 3.46% last week amid weak global cues.
The 30-share index posted its biggest single-day fall in nearly 10 months on Friday while the NSE Nifty plunged over 568 points to crack below the psychological 15,000-mark, tracking global selloffs triggered by a panic in bond markets overseas.
In the ranking of 10 most-valued companies, RIL was at the top of the chart followed by TCS, HDFC Bank, Infosys, Hindustan Unilever Limited, HDFC, ICICI Bank, Kotak Mahindra Bank, SBI and Bajaj Finance.
Go to the news source: Nine of top 10 firms lose nearly ₹2.2 lakh crore in market valuation