Eight of the 10 most valued Indian Companies collectively suffered an erosion of Rs 416.6 billion in their market valuation final week, with Mukesh Ambani-led Reliance Industries (RIL) alone accounting for over Rs 150 billion.
Only HDFC and Infosys added to their market capitalisation (m-cap) in the week ended Friday.
The valuation of RIL plunged by Rs 151.80 billion to Rs 7.9 trillion, whereas that of Tata Consultancy Services (TCS) dipped by Rs 62.78 billion to Rs 7.899 trillion.
HDFC Bank’s m-cap dropped Rs 77.78 billion to Rs 5.509 trillion. The valuation of ITC dived Rs 42.19 billion to Rs 3.75 trillion.
FMCG main Hindustan Unilever (HUL) noticed its valuation droop by Rs 19.04 billion to Rs 3.52 trillion, whereas Maruti Suzuki India tanked by Rs 30.11 billion to Rs 2.60 trillion.
Public sector lender State Bank of India (SBI) witnessed a fall of Rs 12.94 billion in its valuation to Rs 2.59 trillion.
On the opposite, HDFC’s m-cap rose by Rs 2.38 billion to Rs 3.25 trillion and know-how big Infosys’ valuation surged by Rs 9.04 billion to Rs 3.21 trillion.
In the rating of top-10 Companies, RIL stood at primary place adopted by TCS, HDFC Bank, ITC, HUL, HDFC, Infosys, Maruti, SBI and Kotak Mahindra Bank.
Benchmark Sensex misplaced some 300 factors or 0.77 per cent in the course of the week.