Market Value of 6 of the Top 10 Companies Drops Rs 2 Lakh Crore

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The market valuation of TCS fell Rs 76,346.11 crore to Rs 11,00,880.49 crore.

New Delhi:

Six of the top 10 most valued companies suffered a combined Rs 2,00,280.75 crore from market valuation last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest blow amid a weak trend in shares.

Last week, the Sensex fell 952.35 points, or 1.59 percent.

While Reliance Industries, TCS, HDFC Bank, Hindustan Unilever, Infosys and HDFC suffered from valuation erosion, ICICI Bank, State Bank of India, Adani Transmission and Bajaj Finance were the winners.

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The market valuation of TCS fell Rs 76,346.11 crore to Rs 11,00,880.49 crore.

Infosys lost Rs 55,831.53 crore from its valuation which remained at Rs 5,80,312.32 crore.

The market capitalization (mcap) of Reliance Industries fell by Rs 46,852.27 crore to Rs 16,90,865.41 crore and that of Hindustan Unilever fell by Rs 14,015.31 crore to Rs 5,94,058.91 crore.

The valuation of HDFC fell Rs 4,620.81 crore to Rs 4,36,880.78 crore and that of HDFC Bank fell by Rs 2,614.72 crore to Rs 8,31,239.46 crore.

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From the profit package, Adani Transmission added Rs 17,719.6 crore bringing the valuation to Rs 4.56,292.28 crore.

The State Bank of India’s mcap rose by Rs 7,273.55 crore to Rs 5,01,206.19 crore.

The valuation of Bajaj Finance climbed Rs 6,435.71 crore to Rs 4,41,348.83 crore and that of ICICI Bank rose Rs 5,286.92 crore to Rs 6,33,110.48 crore.

In the ranking of most valued companies, Reliance Industries led the way, followed by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, Infosys, State Bank of India, Adani Transmission, Bajaj Finance and HDFC.

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