The combined market capitalisation (m-cap) of seven of the country’s top-10 firms reduced by Rs 49,551.83 crore during the past week,with corporate giant Reliance Industries bearing the maximum loss.
The market worth of Mukesh Ambani-led Reliance Industries (RIL) declined by Rs 23,550.18 crore to Rs 2,99,320.42 crore as on Friday’s trade on the Bombay Stock Exchange (BSE).
During this period,shares of RIL plunged 7.29 per cent to close at Rs 914.50 at the end of Friday’s trade on the BSE.
Two of the IT bellwethers–TCS and Infosys Technologies– together shed Rs 10,201.64 crore from their cumulative market valuations.
In the previous trading session,the m-cap of TCS was at Rs 2,31,448.69 crore,while that of Infosys stood at Rs 1,82,196.98 crore.
State-run Coal India Ltd (CIL) also saw its valuation dipping by Rs 6,190 crore to Rs 1,92,112 crore.