Top-6 cos lose `1.71 lakh cr in mcap

New Delhi: The combined market valuation of six of the top 10 valued domestic firms eroded by Rs 1.71 lakh crore last week, with IT majors Infosys and TCS taking the biggest hit.

From the top 10 pack, TCS, HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever and ITC faced a combined erosion of Rs 1,71,680.42 crore in their mcap while Reliance Industries, Bharti Airtel, SBI and LIC were the gainers.

The valuation of Infosys tanked by Rs 62,948.4 crore to Rs 7,53,678.38 crore, the most among the top 10 firms. The market capitalisation (mcap) of TCS tumbled by Rs 50,598.95 crore to Rs 14,92,714.37 crore.

Hindustan Unilever’s valuation dropped by Rs 20,605.92 crore to Rs 5,53,152.52 crore and that of ICICI Bank diminished by Rs 16,005.84 crore to Rs 8,65,495.17 crore.

The mcap of HDFC Bank declined by Rs 15,640.8 crore to Rs 12,51,799.81 crore and that of ITC went lower by Rs 5,880.51 crore to Rs 5,50,702.93 crore.

However, the valuation of Reliance Industries surged Rs 79,773.34 crore to Rs 17,60,967.69 crore.

The mcap of SBI jumped Rs 18,697.08 crore to Rs 6,81,930.22 crore. LIC added Rs 9,993.5 crore taking its market valuation to Rs 5,40,724.05 crore. The mcap of Bharti Airtel climbed Rs 7,080.98 crore to Rs 9,27,014.97 crore.