M-cap of eight biggest firms falls over Rs 2.48 trn; Reliance biggest drag

Eight of the 10 most valued companies suffered a combined erosion of Rs 2,48,372.97 crore in their market valuation last week in line with a weak broader market trend, with Reliance Industries taking the biggest hit.

Last week, Sensex lost 2,041.96 points or 3.72 per cent.

While Reliance Industries, Tata Consultancy Services, HDFC Bank, Infosys, ICICI Bank, State Bank of India, HDFC and Bharti Airtel were the laggards, Hindustan Unilever Limited and Kotak Mahindra Bank emerged as gainers.

The market valuation of Reliance Industries tumbled Rs 1,30,627.7 crore to reach Rs 16,42,568.98 crore. State Bank of India's market capitalisation (mcap)