Five Of Top 10-Firms Lose Rs 86,447 Crore In M-Cap; Infosys, TCS, SBI Hit Hard

Five of the top 10 most valued firms together lost Rs 86,447.12 crore in market valuation last week, with Infosys Ltd., Tata Consultancy Services Ltd. and State Bank of India Ltd. taking the biggest hit.

Last week, the BSE benchmark fell 462.8 points or 0.79%.

While Reliance Industries Ltd., Tata Consultancy Services Ltd., HDFC Bank, Infosys and State Bank of India suffered erosion from their valuation, ICICI Bank, Hindustan Unilever Ltd., ITC, HDFC and Bharti Airtel posted gains.

The market capitalisation of Infosys tumbled by Rs 25,217.2 crore to Rs 5,72,687.97 crore.

The valuation of State Bank of India fell Rs 21,062.08 crore to Rs 4,51,228.38 crore, and that of TCS tanked Rs 21,039.55 crore to Rs 11,42,154.59 crore.

The mcap of Reliance Industries declined by Rs 13,226.53 crore to Rs 14,90,775.40 crore, and HDFC Bank dipped Rs 5,901.76 crore to Rs 8,71,416.33 crore.

However, ICICI Bank added Rs 10,905.18 crore, taking its valuation to Rs 5,94,888.25 crore.

The valuation of Hindustan Unilever rallied Rs 7,542.19 crore to Rs 5,82,816.11 crore, and ITC climbed Rs 3,664.01 crore to Rs 4,70,360.22 crore.

Bharti Airtel's mcap jumped Rs 2,787.57 crore to Rs 4,24,964.64 crore, and that of HDFC advanced Rs 384.89 crore to Rs 4,69,845.34 crore.

Reliance Industries continued to rule the top 10 most valued firms chart followed by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, Infosys, ITC, HDFC, State Bank of India and Bharti Airtel.