Six of top 10 stocks lose over Rs 62,000 crore in market capitalisation

Six of top 10 stocks lose over Rs 62,000 crore in market capitalisation

NEW DELHI: Six of the 10 most valued Indian companies suffered a combined erosion of Rs 62,147.7 crore in market valuation last week, with RIL and TCS taking the biggest knocks amid a weak broader market.nnHDFC Bank, ITC, SBI and ICICI Bank were the other laggards in the top-10 pack, while HDFC, Hindustan Unilever Ltd (HUL), Infosys and Kotak Mahindra Bank saw an increase in their market capitalisation (m-cap) for the week ended Friday.nnThe market valuation of RIL plunged Rs 20,031.5 crore to Rs 7,91,750.71 crore ahead of its Q1 results, which were declared after market hours Friday.nnThe m-cap of Tata Consultancy Services (TCS) dropped Rs 11,632.4 crore to Rs 7,79,351.54 crore.nnICICI Bank’s valuation tumbled ?10,928.1 crore to Rs 2,64,640.73 crore and that of ITC plummeted Rs 8,035.26 crore to Rs 3,29,261.93 crore.nnThe market cap of SBI tanked Rs 6,738.08 crore to Rs 3,17,716.17 crore and that of HDFC Bank declined Rs 4,782.42 crore to Rs 6,49,302.53 crore.nnIn contrast, the valuation of Infosys zoomed Rs 25,125.99 crore to Rs 3,37,418.53 crore.nnHDFC added ?8,152.05 crore to its m-cap to reach Rs 3,97,492.11 crore.nnKotak Mahindra Bank’s valuation climbed Rs 2,990.49 crore to Rs 2,86,383.79 crore, while that of HUL moved up by Rs 2,489.52 crore to Rs 3,73,384.88 crore.nnIn the ranking of top-10 firms, RIL was placed at the number one position, followed by TCS, HDFC Bank, HDFC, HUL, Infosys, ITC, SBI, Kotak Mahindra Bank and ICICI Bank.nnDuring the last week, the Sensex declined 399.22 points or 1.03 per cent, to close at 38,337.01 Friday.nn┬ánnSource: Press Trust of India

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