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Nine of 10 most valued firms take over Rs 3.96 lakh crore hit in market cap

In the last week, the 30-share BSE benchmark tumbled 2,592.77 points or 5.30 per ent due to profit-booking ahead of the Union Budget.

January 31, 2021 / 12:42 PM IST
 
 
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The combined market valuation of nine of the top 10 valued domestic companies eroded by a whopping Rs 3,96,629.40 crore last week in tandem with a weak broader market, where Reliance Industries Limited (RIL) took the biggest hit.

In the last week, the 30-share BSE benchmark tumbled 2,592.77 points or 5.30 percent due to profit-booking ahead of the Union Budget.

Only ICICI Bank managed to witness addition in its market valuation the holiday-truncated last week. Its valuation rose by Rs 2,397.43 crore to Rs 3,70,773.35 crore.

Reliance Industries accounted for the lion's share of the total loss. Its valuation tumbled Rs 1,30,909.45 crore to reach Rs 11,68,454.02 crore.