Three of top 10 cos lose Rs 1 trn in m-cap; TCS alone takes Rs 853-bn hit

From the gainers side, RIL emerged as the biggest winner as its market cap soared by Rs 485.24 billion to Rs 7.13 trillion

Three of the 10 most valued Indian companies together witnessed an erosion of Rs 1.07 trillion in market capitalisation last week, with IT major TCS taking the biggest knock.

Tata Consultancy Services (TCS), ITC and Infosys suffered a decline in their valuation for the week ended Friday, whereas RIL, HDFC Bank, Hindustan Unilever Ltd (HUL), HDFC, SBI, Kotak Mahindra Bank and Maruti Suzuki India finished with gains.

The cumulative erosion suffered by the three companies was higher than the combined gain of Rs 974.98 billion made by the rest of the seven firms.
 

The valuation of TCS nosedived by Rs