Top 10 companies lose Rs 2.5 trillion in market-capital; RIL worst hit

A weak broader market pulled down the combined market valuation of the top 10 most valued Indian companies by a whopping Rs 2.55 trillion last week, with RIL taking the steepest hit.

The equity market witnessed severe drubbing last week, with the BSE benchmark Sensex falling sharply by 1,850.15 points to end at 34,376.99.

From the top 10 pack, RIL's market capitalisation (m-cap) plummeted Rs 1.32 trillion to Rs 6.65 trillion.

Tata Consultancy Services (TCS) took the second biggest hit, with its valuation plunging Rs 311.64 billion to Rs 8.05 trillion, while that of ITC tanked Rs 239.32 billion to Rs 3.39 trillion.