Mcap of seven of top-10 valued firms tumbles over Rs 1.54 lakh cr

Seven of the top-10 valued firms suffered a combined erosion of Rs 1,54,477.38 crore in market valuation last week, with IT majors and emerging as the biggest laggards. Last week, the BSE benchmark index tanked 812.28 points or 1.36 per cent.

Limited, and were the only gainers in the top-10 pack.

The market valuation of Tata Consultancy Services () plunged Rs 59,862.08 crore to Rs 11,78,818.29 crore.

The valuation of Infosys tanked Rs 31,789.31 crore to Rs 6,40,351.57 crore.

's valuation declined by Rs 16,090.67 crore to Rs 8,13,952.05 crore and that of fell by Rs 14,814.18 crore to Rs 6,04,079.91 crore.

The market capitalisation (mcap) of declined by Rs 14,430.4 crore to Rs 4,27,605.59 crore and by Rs 13,031.62 crore to Rs 4,34,644.36 crore.

The valuation of Life Insurance Corporation () dipped Rs 4,459.12 crore to Rs 4,29,309.22 crore.

On the other hand, Reliance Industries added Rs 3,500.56 crore taking its valuation to Rs 17,71,645.33 crore.

The mcap of State Bank of India jumped Rs 3,034.37 crore to Rs 4,67,471.16 crore and that of ICICI Bank climbed Rs 523.02 crore to Rs 6,06,330.11 crore.

Reliance Industries continued to rule the chart as the most valued firm, followed by TCS, HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever, State Bank of India, HDFC, LIC and Bajaj Finance.