Six of top 10 companies lose Rs 549 bn in m-cap; RIL takes biggest hit

Six of the 10 most valued Indian companies together lost Rs 549 billion in market valuation last week, with Reliance Industries taking the biggest hit.

ITC, HDFC Bank, SBI, HDFC and ICICI Bank were the other companies that witnessed a decline in their market capitalisation (m-cap), while TCS, HUL, Infosys and Kotak Mahindra Bank finished with gains for the trading week ended Friday.

The market valuation of RIL slumped by Rs 221.53 billion to Rs 7,183.17 billion while that of ITC plummeted Rs 148.77 billion to Rs 3,356.37 billion.

M-cap of HDFC went down by Rs 51.39 billion to Rs 3,356.11 billion. SBI's