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Rs 46,000 Crore Loss In Market Capitalisation For Top Eight Firms, Reliance Worst Hit
An Indian stockbroker reacts as he watches share prices.(Photo credit: INDRANIL MUKHERJEE/AFP/GettyImages)
The market valuation of the top eight firms plunged last week, accounting for a total loss of a whopping Rs 46,000 crore, reports Live Mint.
Reliance Industries Limited (RIL), recording the worst hit, lost Rs 15,000 crore to mark a valuation of to Rs 7,94,074.52 crore. Apart from RIL, Tata Industries showed a dip of Rs 6,278.86 crore to record 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 giant Hindustan Unilever (HUL) saw its valuation slump by Rs 1,904.89 crore to Rs 3,52,869.55 crore, while Maruti Suzuki India Limited (MSIL) tanked by Rs 3,011.74 crore to a Rs2,60,781.18 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) giant Infosys’ valuation surged by Rs 904.96 crore to Rs 3,21,163.52 crore.
RIL secured the first position followed by TCS, HDFC Bank, ITC, HUL, HDFC, Infosys, Maruti, SBI and Kotak Mahindra Bank in the ranking of top ten firms.
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