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Six of top-10 firms lose Rs 78,275 crore in m-cap; RIL, TCS hit hard


Six of the 10 most valued domestic firms together lost Rs 78,275 crore in market valuation last week, pulled down largely by heavyweights Reliance Industries Limited (RIL) and Tata Consultancy Services (TCS). RIL, TCS, HDFC Bank, Hindustan Unilever Limited (HUL), Bharti Airtel, and Kotak Mahindra Bank suffered an erosion in their market capitalisation (m-cap) for the week ended Friday. However, Infosys, HDFC, ITC, and ICICI Bank finished with gains. RIL's valuation dropped by Rs 20,666.46 crore to Rs 13.4 lakh crore, taking the biggest drop among the 10 most valued firms. The market capitalisation of TCS tanked Rs 19,700.02 crore to Rs 8.41 lakh crore and that of Bharti Airtel declined Rs 17,294.12 crore to Rs 2.88 lakh crore. Hindustan U