Seven of top-10 firms lose Rs 86,878 cr in m-cap; ITC takes biggest knock

In contrast, the valuation of TCS zoomed Rs 31,538.79 crore to Rs 8,43,367 crore and that of Infosys jumped Rs 11,746.94 crore to Rs 3,44,419 crore

Seven of the 10 most valued domestic companies cumulatively lost Rs 86, 879.7 crore in market valuation last week, with FMCG major ITC taking the biggest hit.

In a weak broader market, Reliance Industries Ltd (RIL), HDFC Bank, HDFC, Kotak Mahindra Bank, ICICI Bank and SBI were the other firms which witnessed a drop in their market capitalisation (m-cap), while TCS, HUL and Infosys finished with gains.

The m-cap of ITC dropped by Rs 20,748.4 crore to stand at Rs 2,89,740.59 crore.

It was followed by SBI whose market cap tumbled Rs 17,715.4 crore to Rs 2,41,946.22 crore.

The m-cap of HDFC Bank tanked