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14 Aug 2020, 16:30 HRS IST
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  • PTI
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  • Six of 10 most valued companies lose Rs 1.38 lakh cr in market valuation

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11:38 HRS IST

New Delhi, Aug 2 (PTI) Six of the 10 most valued companies witnessed a combined erosion of Rs 1,38,839.83 crore in their market valuation last week with Reliance Industries and HDFC Bank emerging as major losers

During the last week, Sensex fell 522.01 points or 1.36 per cent

The market valuation of Reliance Industries Limited (RIL) plunged by Rs 50,239.78 crore to Rs 13,10,323.21 crore

HDFC Bank's valuation tanked Rs 46,374.63 crore to Rs 5,67,877.74 crore

The market capitalisation of ICICI Bank eroded by Rs 22,631.74 crore to Rs 2,24,659.85 crore and that of HDFC dipped Rs 10,078.06 crore to Rs 3,09,254.09 crore

ITC's valuation declined by Rs 6,815.12 crore to Rs 2,38,660.74 crore and that of Bharti Airtel dipped Rs 2,700.5 crore to Rs 3,02,701.60 crore

In contrast, the market valuation of Tata Consultancy Services (TCS) jumped Rs 47,054.91 crore to Rs 8,56,463.05 crore

Infosys added Rs 18,591.83 crore to its valuation that stood at Rs 4,11,554.51 crore while Kotak Mahindra Bank's m-cap rose by Rs 3,481.72 crore to Rs 2,70,600.52 crore. The valuation of Hindustan Unilever Limited rose by Rs 740.11 crore to Rs 5,19,931.93 crore

In the ranking, RIL retained the number one position followed by TCS, HDFC Bank, HUL, Infosys, HDFC, Bharti Airtel, Kotak Mahindra Bank, ITC and ICICI Bank in that order.

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