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7 of top 10 firms lost ₹1.32 lakh crore in m-cap; RIL biggest drag

By Priyanka Verma 
Updated Date

New Delhi: Seven of the 10 most valued firms suffered a combined erosion of ₹1,32,535.79 crore in market valuation last week, with Reliance Industries emerging as the worst hit. In the holiday-truncated week, the Sensex tumbled 1,108.25 points or 1.86 per cent.

Also Read :- M-cap: 9 of top 10 firms adds over ₹79,000 cr; TCS, Infosys biggest winners

While Reliance Industries Ltd (RIL), TCS, HDFC Bank, Infosys, HUL, Bajaj Finance and HDFC were the laggards from the top-10 pack, ICICI Bank, SBI and Adani Green Energy were the gainers.

Adani Green Energy had on Monday last week entered the list of the top-10 most valued domestic firms.

The market capitalisation (m-cap) of Reliance Industries plummeted by ₹43,491.37 crore to reach ₹17,26,714.05 crore.

HDFC Bank’s market valuation eroded by ₹27,866.34 crore to ₹8,12,338.57 crore and that of HDFC tumbled ₹14,631.11 crore to ₹4,31,028.49 crore.

Also Read :- M-cap: 9 of top 10 firms add ₹90,319 cr in market valuation; RIL lead gainer

The valuation of Infosys dived ₹27,953.78 crore to ₹7,35,611.35 crore.

The m-cap of Tata Consultancy Services (TCS) tanked ₹9,348.88 crore to stand at ₹13,39,688.48 crore.

The valuation of Hindustan Unilever (HUL) declined by ₹7,119.26 crore to ₹5,05,737.77 crore and that of Bajaj Finance diped by ₹2,125.05 crore to ₹4,43,685.79 crore.

In contrast, the new entrant Adani Green Energy added ₹84,581.99 crore, taking its valuation to ₹4,48,050.99 crore.

ICICI Bank’s market capitalisation jumped ₹5,559.02 crore to ₹5,29,739.59 crore and that of State Bank of India (SBI) rose ₹1,249.45 crore to ₹4,61,848.65 crore.

Also Read :- Gold price today in India falls to 7-month lows, silver rates drop

In the ranking of top-10 firms, Reliance Industries maintained its top position, followed by TCS, HDFC Bank, Infosys, ICICI Bank, HUL, SBI, Adani Green Energy, Bajaj Finance and HDFC.

Stock markets were closed on Thursday for Mahavir Jayanti and Dr Babasaheb Ambedkar Jayanti, as well as on Friday on account of Good Friday.

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