Mcap At Top-9 Cos Fell Rs 2.94 Lakh Cr

New Delhi: The combined market valuation of nine of the top-10 most valued firms eroded by Rs2,94,170.16 crore in the holiday-shortened last week, with Tata Consultancy Services (TCS) taking the biggest hit amid a bearish trend in domestic equities.

Last week, the BSE benchmark gauge Sensex tanked 2,050.23 points or 2.64 per cent, while the NSE Nifty declined 614.8 points or 2.61 per cent. From the top-10 pack, Tata Consultancy Services (TCS), Reliance Industries, Infosys, Bajaj Finance, ICICI Bank, HDFC Bank, Hindustan Unilever Ltd, State Bank of India and ITC faced erosion from their market valuation. Bharti Airtel emerged as the only gainer. The market valuation of TCS tumbled by Rs1,10,351.67 crore to Rs11,93,769.89 crore. The valuation of index bellwether Reliance Industries tanked by Rs95,132.58 crore to Rs16,30,244.96 crore and that of Infosys plunged by Rs49,050.04 crore to Rs6,03,178.45 crore.