(PTI) Six of the 10 most valued firms suffered a combined erosion of ₹1,68,260.37 crore from their market valuation last week, mainly dragged down by IT major TCS amid an overall weak trend in the equity market.
The 30-share BSE benchmark Sensex fell 721.06 points or 1.32 per cent last week.
From the laggards, Tata Consultancy Services (TCS) took the biggest hit as its market valuation tumbled ₹99,270.07 crore to reach ₹10,95,355.32 crore. Shares of TCS dropped last week after the company's June quarter earnings failed to meet market expectations.
Another IT behemoth Infosys also suffered an erosion of ₹35,133.64 crore, taking its valuation to ₹6,01,900.14 crore.
HDFC Bank's market valuation fell by ₹18,172.43 crore to ₹7,57,659.72 crore and that of State Bank of India (SBI) declined by ₹8,433.76 crore to ₹4,27,488.90 crore.
The market capitalisation (m-cap) of HDFC dipped by ₹4,091.62 crore to reach ₹4,02,121.99 crore and that of ICICI Bank went lower by ₹3,158.85 crore to ₹5,22,498.11 crore.
In contrast, the valuation of Hindustan Unilever Ltd (HUL) jumped ₹17,128.52 crore to ₹6,03,551.26 crore.
Reliance Industries added ₹6,801.72 crore, taking its market valuation to ₹16,24,681.08 crore.
ITC's m-cap climbed ₹1,318.81 crore to ₹3,62,327.81 crore and that of Life Insurance Corporation of India (LIC) went higher by ₹316.25 crore to ₹4,48,157.71 crore.
In the ranking of top-10 firms, Reliance Industries continued to remain the most valued domestic company, followed by TCS, HDFC Bank, HUL, Infosys, ICICI Bank, LIC, SBI, HDFC and ITC.