Over ₹ 1 lakh crore market cap loss for 4 of the top-10 companies: TCS, Infosys biggest laggards
The combined market valuation of four of the 10 firms tumbled ₹ 1,05,848.14 crore last week, with IT majors TCS and Infosys the biggest laggards.
New Delhi: The combined market valuation of four of the 10 most valued firms tumbled ₹ 1,05,848.14 crore last week, with IT majors TCS and Infosys emerging as the biggest laggards.
While the market valuation of Reliance Industries, TCS, Infosys and Bajaj Finance declined, HDFC Bank, ICICI Bank, HUL, SBI, HDFC and Bharti Airtel emerged as the gainers with a combined addition of ₹ 51,628.12 crore.
Among the four firms, the valuation of Tata Consultancy Services (TCS) tumbled the most by ₹ 40,640.76 crore to stand at ₹ 13,49,037.36 crore.
Infosys' market capitalisation (m-cap) tanked ₹ 36,703.8 crore to reach ₹ 7,63,565.13 crore.
Reliance Industries Limited's (RIL) market valuation eroded by ₹ 25,503.68 crore to ₹ 17,70,205.42 crore, and that of Bajaj Finance dipped by ₹ 2,999.9 crore to ₹ 4,45,810.84 crore.
In contrast, the m-cap of Hindustan Unilever Limited (HUL) jumped by ₹ 24,048.06 crore to ₹ 5,12,857.03 crore, and that of ICICI Bank climbed by ₹ 12,403.56 crore to ₹ 5,24,180.57 crore.