The combined market valuation of eight of the 10 most valued Indian companies plummeted by Rs 54,539.20 crore last week, with Reliance Industries Ltd (RIL) taking the steepest hit.
Barring Tata Consultancy Services (TCS) and HDFC, the rest eight companies, including HDFC Bank, ITC and HUL, suffered losses in their market capitalisation (m-cap) for the week ended Friday Sep 22,2017
RIL’s valuation slumped by Rs 30,897.71 crore to Rs 5,17,686.07 crore.
The m-cap of State Bank of India (SBI) tumbled by Rs 8,761.53 crore to Rs 2,26,073.40 crore, while that of HDFC Bank tanked by Rs 6,272.79 crore to Rs 4,70,988.04 crore. ONGC’s valuation dropped Rs 3,144.15 crore to Rs 2,11,042.55 crore and that of Infosys slipped by Rs 2,422.98 crore to Rs 2,06,279.56 crore.
The market cap of ITC dipped Rs 1,339.83 crore to Rs 3,26,736.72 crore and that of Hindustan Unilever Ltd (HUL) fell by Rs 1,287.87 crore to Rs 2,68,297.84 crore. Maruti Suzuki India’s valuation also dipped by Rs 412.34 crore to Rs 2,43,916.05 crore.