Top 10 companies lose Rs 4.22 trillion in m-cap; TCS, RIL hit hard

The ten most valued domestic firms shed a enormous Rs four,22,393.forty four crore in industry capitalisation final 7 days, with heavyweights TCS and RIL taking the most significant strike.

In a nerve-wracking 7 days for the markets, the BSE Sensex plummeted 3,473.fourteen points or nine.24 per cent, mainly in tandem with global equities which were hammered by worry promoting amid the coronavirus pandemic.

The industry capitalisation (m-cap) of TCS dropped by Rs one,16,549.07 crore to arrive at Rs 6,78,168.49 crore for the 7 days ended Friday.

Reliance Industries’ m-cap plummeted Rs one,03,425.15 crore to Rs 7,01,693.fifty two crore.

Infosys was a further big drag, with its valuation plunging Rs 41,315.ninety eight crore to Rs 2,73,505.sixty two crore.

HDFC Bank’s m-cap tanked Rs 34,919.fifty one crore to arrive at Rs five,87,one hundred ninety.43 crore and that of Hindustan Unilever Restricted (HUL) tumbled Rs 33,208.35 crore to Rs four,forty,151.42 crore.

The valuation of Kotak Mahindra Financial institution declined Rs 30, crore to Rs 2,81,237.76 crore and that of ICICI Financial institution fell Rs 25,098.54 crore to Rs 2,89,606.sixty nine crore.

Likewise, Bajaj Finance witnessed a drop of Rs 16,320.81 crore in its m-cap to arrive at Rs 2,37,989.09 crore.

Bharti Airtel endured a drop of Rs thirteen,611.sixty two crore in its valuation to stand at Rs 2,sixty nine,613.64 crore. The industry-cap of HDFC fell by Rs 7,013.31 crore to Rs 3,58,201.28 crore.

In the rating of the ten most valued companies, RIL remained at the major, adopted by TCS, HDFC Financial institution, HUL, HDFC, ICICI Financial institution, Kotak Mahindra Financial institution, Infosys, Bharti Airtel and Bajaj Finance.