M-cap of eight of top 10 valued companies tanks over Rs 1.38 trillion

Eight of the 10 most valued companies witnessed a combined erosion of Rs 1,38,976.88 crore in their market valuation last week, with Reliance Industries and HDFC Bank taking the biggest hit.

During the last week, the 30-share BSE benchmark declined 933.84 points or 1.83 per cent.

From the top-10 pack, Tata Consultancy Services (TCS) and Hindustan Unilever Limited managed to close the week with gains in their market valuation.

The market capitalisation of Reliance Industries tanked Rs 35,976.08 crore to Rs 13,19,808.41 crore. HDFC Bank's valuation plunged Rs 30,061.52 crore to reach Rs 8,25,024.73 crore and Kotak Mahindra Bank witnessed