Top-8 firms lose Rs 2.08-trn mcap

New Delhi: The combined market valuation of eight of the top-10 most valued firms declined by Rs2,08,207.93 crore last week, with bellwether Reliance Industries, TCS and Infosys taking the biggest hit.

While these three firms along with ITC, Life Insurance Corporation (LIC), Hindustan Unilever Ltd, Bharti Airtel and ICICI Bank were the laggards, HDFC Bank and State Bank of India (SBI) emerged as gainers. Last week, the 30-share BSE Sensex tanked 1,449 points or 1.92 per cent. It rose by 75.71 points or 0.10 per cent to settle at 73,961.31 on Friday, snapping a five-day losing streak.

The market capitalisation (mcap) of index heavyweight Reliance Industries plunged by Rs67,792.23 crore to Rs19,34,717.12 crore, while TCS mcap declined by Rs65,577.84 crore to Rs13,27,657.21 crore. The valuation of Infosys slumped by Rs24,338.1 crore to Rs5,83,860.28 crore, and that of ITC went lower by Rs12,422.29 crore to Rs5,32,036.41 crore.

Mcap of LIC dropped by Rs10,815.74 crore to Rs6,40,532.52 crore, while HUL’s valuation eroded by Rs 9,680.31 crore to Rs5,47,149.32 crore. Bharti Airtel’s mcap fell by Rs9,503.31 crore to Rs7,78,335.40 crore, and that of ICICI Bank dipped by Rs8,078.11 crore to Rs7,87,229.71 crore.