Market cap of eight of top 10 most-valued firms tumbles over Rs 1.2 trn

Only RIL and SBI emerged as gainers from the top 10 most-valued companies list

Eight of the top 10 most-valued companies together witnessed an erosion of Rs 1,23,670.47 crore from market valuation last week, in-line with a bearish broader market trend.

During the last week, the BSE benchmark declined 654.54 points or 1.26 per cent.

Only Reliance Industries (RIL) and State Bank of India (SBI) emerged as gainers from the top 10 most-valued companies list.

Tata Consultancy Services was the biggest laggard in the list as its market valuation tanked Rs 44,672.14 crore to Rs 11,52,770.11 crore.

The valuation of HDFC Bank tumbled Rs 23,964.99 crore to reach Rs 8,47,754.65 crore.

The market capitalisation