The market cap of top 10 most valued companies was eroded by over Rs 2.53 lakh crore last week, as domestic equity benchmarks saw heavy selling in line with market rout worldwide.
Foreign Portfolio Investors FPIs booked profits across large-caps and select mid-caps last week, which saw a 4 per cent cut, according to the Benchmark indices.
On a weekly basis, the Nifty fell by 638.60 points or 3.49 per cent, or 85 points or 3.57 per cent. The combined m-cap of the country's top 10 companies was eroded by Rs 2,53, 394.63 crore last week, mirroring the dull trend in the broader market.
RIL, Infosys, TCS are the top gainers for RIL, Infosys and TCS.
TCS and Infosys lost their cumulative market cap to Rs 1,09, 498.10 crore. The m-cap of TCS stood at 14,18, 530.72 crore, while that of Infosys was at 7,51, 144.40 crore.
The country's top lenders HDFC Bank, ICICI Bank and SBI saw a cumulative erosion of Rs 29,239. They have a market value of 04 crore.
The m-cap of State Bank of India SBI was down by Rs 4,863. 91 crore was down by Rs 10,811 and 91 crore to Rs 4,48, 729.47 crore and that of the ICICI Bank fell by Rs 10,811. 98 crore was spent to reach Rs 5,58, 699.39 crore.
The value of Hindustan Unilever Ltd HUL fell by Rs 9,938. 77 crore was lost to Rs 27,653 against Rs 5,45, 622.08 crore and that of Bajaj Finance. 67 crore was spent on Rs 4,45, 033.13 crore.
Telecom major Bharti airtel also saw a dip of 14,087. Its market valuation was valued at Rs 3,81, 723.36 crore.
Reliance Industries led the ranking of top 10 firms, followed by Tata Consultancy Services, HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever, HDFC, State Bank of India, Bajaj Finance and Bharti Airtel.