The market valuation of the highest eight corporations plunged final week, accounting for a complete lack of a whopping Rs 46,000 crore, studies Live Mint.
Reliance Industries Limited (RIL), recording the worst hit, misplaced Rs 15,000 crore to mark a valuation of to Rs 7,94,074.52 crore. Apart from RIL, Tata Industries confirmed a dip of Rs 6,278.86 crore to file Rs 7,89,949.92 crore market capitalisation. HDFC Bank dropped Rs7,778.30 crore to Rs 5,50,915.33 crore cap. ITC dived down by Rs 4,219.81 crore to Rs 3,75,441.05 crore.
Fast Moving Consumer Goods big Hindustan Unilever (HUL) noticed its valuation droop by Rs 1,904.89 crore to Rs 3,52,869.55 crore, whereas Maruti Suzuki India Limited (MSIL) tanked by Rs 3,011.74 crore to a Rs2,60,781.18 crore.
The State Bank of India (SBI) witnessed a downfall of Rs 1,294.07 crore in its cap to Rs 2,59,170.02 crore and valuation of Kotak Bank eroded by Rs 1,992.38 crore from its m-cap to Rs 2,35,939.35 crore.
However, HDFC’s market cap managed to rise by Rs 238.24 crore to Rs 3,25,872.37 crore and Information Technology (IT) big Infosys’ valuation surged by Rs 904.96 crore to Rs 3,21,163.52 crore.
RIL secured the primary place adopted by TCS, HDFC Bank, ITC, HUL, HDFC, Infosys, Maruti, SBI and Kotak Mahindra Bank within the rating of prime ten corporations.