Six of India’s 10 most-valued companies together lost Rs 26,624.10 crore in market valuation last week, with ICICI Bank hurting the most.
Reliance Industries Limited (RIL), HDFC Bank, Hindustan Unilever Limited (HUL), Kotak Mahindra Bank and State Bank of India were other blue chips that saw a drop in their market capitalisation (m-cap) for the week ended Friday, while Tata Consultancy Services, HDFC, Infosys and ITC ended in the green.
ICICI Bank's valuation tumbled Rs 6,883.44 crore to Rs 3,48,532.24 crore, taking the steepest hit among the top-10 firms.
The m-cap of Kotak Mahindra Bank dropped Rs 5,197.08 crore to Rs 3,16,763.68 crore