Five of top 10-firms lose ₹86,447 crore in m-cap; Infosys, TCS, SBI hit hard
The Hindu
Infosys, Tata Consultancy Services and State Bank of India took the biggest hit last week as five of the top 10 most valued firms together lost ₹86,447.12 crore in market valuation.
Five of the top 10 most valued firms together lost ₹86,447.12 crore in market valuation last week, with Infosys, Tata Consultancy Services and State Bank of India taking the biggest hit.
Last week, the BSE benchmark fell 462.8 points or 0.79%.
While Reliance Industries Limited, Tata Consultancy Services (TCS), HDFC Bank, Infosys and State Bank of India suffered erosion from their valuation, ICICI Bank, Hindustan Unilever Limited, ITC, HDFC and Bharti Airtel posted gains.
The market capitalisation (mcap) of Infosys tumbled by ₹25,217.2 crore to ₹5,72,687.97 crore.
The valuation of State Bank of India fell ₹21,062.08 crore to ₹4,51,228.38 crore, and that of TCS tanked ₹21,039.55 crore to ₹11,42,154.59 crore.
The mcap of Reliance Industries declined by ₹13,226.53 crore to ₹14,90,775.40 crore, and HDFC Bank dipped ₹5,901.76 crore to ₹8,71,416.33 crore.
However, ICICI Bank added ₹10,905.18 crore, taking its valuation to ₹5,94,888.25 crore.
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