The country's 10 most valued firms witnessed an erosion of nearly Rs 44,000 crore in their market capitalisation last week, with MMTC and Reliance Industries (RIL) being hammered the most losing over Rs 10,200 crore from their valuation.
At the end of Friday's trade, the market-cap of top 10 firms -- comprising six public sectors units and four private sector companies -- witnessed an erosion of Rs 43,970 crore in their valuation to Rs 9,78,634 crore.
Last week, the market capitalisation of 10 elite companies was Rs 1,02,260.4 crore.
Meanwhile, state-run MMTC suffered the worst blow among the top 10 firms. The stock market turmoil wiped out Rs 10,870 crore from its valuation.
The scrip plunged 13 per cent during the week to settle at Rs 14,544.30 on the BSE. At the end of trade on Friday the market-cap of MMTC stood at Rs 72,722 crore.
Mukesh Ambani-led RIL was the second biggest loser in the elite group, with its valuation dropping by Rs 10,269 crore. At the end the Friday's trade, RIL's valuation stood at Rs 1,81,482.75 crore.
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Meanwhile, RIL has posted a better-than-expected third quarter net profit at Rs 3,501 crore, a 10 per cent dip over the year-ago period.
Though the scrip gained some grounds during trade on Friday, it was volatile throughout the week and dipped 5.35 per cent at the end of Friday's trade.
While, public sector lender State Bank of India slipped to the seventh place, from the sixth position a week-ago, losing Rs 7,857 crore in its valuation.
The scrip, which was beaten down nearly 11 per cent during the week, saw its valuation at Rs 66,139 crore at the end of trade on Friday.