Eight of the top-10 most valued companies suffered a combined erosion of Rs 2,61,812.14 crore in market valuation last week, with Reliance Industries emerging as the biggest laggard. In the top-10 list, Infosys and Wipro were the only gainers. During the last week, the BSE benchmark slumped 1,774.93 points or 3.01 per cent.
The valuation of Reliance Industries (RIL) tumbled by Rs 79,658.02 crore to reach Rs 15,83,118.61 crore. HDFC’s valuation declined by Rs 34,690.09 crore to Rs 4,73,922.86 crore.
In contrast, the valuation of Infosys jumped by Rs 26,515.92 crore to Rs 7,66,123.04 crore and that of Wipro went higher by Rs 17,450.39 crore to Rs 3,67,126.39 crore. In the ranking of top-10 firms, RIL was leading the chart followed by Tata Consultancy Services, HDFC Bank, Infosys, HUL, ICICI Bank, HDFC, State Bank of India, Bajaj Finance and Wipro.