Seven of India's top 10 firms lose Rs 1.89 trn in m-cap; RIL bleeds most

Seven of the 10 most valued companies suffered a combined loss of Rs 1.89 lakh crore in market valuation last week, led by Reliance Industries which alone took a hit of Rs 87,732.8 crore.

The 30-share BSE Sensex plummeted by 1,877.66 points to close below the key 40,000-mark at 39,735.53 last week.

RIL's valuation tumbled Rs 87,732.8 crore to reach Rs 8,76,906.57 crore.

The market capitalisation (m-cap) of HDFC plummeted Rs 31,148.4 crore to Rs 3,92,618.14 crore and that of HDFC Bank by Rs 24,736 crore to Rs 6,56,888.50 crore.

The m-cap of ICICI Bank dropped Rs 19,044.7 crore to Rs 3,26,410.37 crore