Six of top-10 firms lose Rs 49,231 crore in m-cap; HUL biggest laggard
The combined valuation of six of the 10 most valued firms eroded by Rs 49,231.44 crore last week, with FMCG major Hindustan Unilever taking the biggest hit.
Last week, the 30-share BSE Sensex declined 159.18 points or 0.26 per cent.
While Bharti Airtel, ITC, ICICI Bank and HDFC twins were the other laggards from the top-10 pack, TCS, SBI, Reliance Industries and Infosys posted gains.
However, the combined market valuation gain of the four firms at Rs 35,840.35 crore was less than the total loss suffered by the six companies.
The market valuation of Hindustan Unilever plummeted by Rs 15,918.48 crore to reach Rs 6,05,759.87 crore.
The market capitalisation (mcap) of Bharti Airtel tanked by Rs 12,540.63 crore to Rs 4,29,474.82 crore and that of ITC plunged by Rs 11,420.89 crore to Rs 4,60,932.38 crore.
ICICI Bank lost Rs 6,863.37 crore to stand at Rs 5,95,885.63 crore.
The mcap of HDFC Bank dipped by Rs 1,255 crore to Rs 9,23,933.45 crore and that of HDFC fell Rs 1,233.07 crore to