Mcap of 6 of 10 most valued firms erodes by Rs 1.71 lakh crore; Infosys, TCS major laggards

The combined market valuation of six of the top 10 valued domestic firms eroded by Rs 1.71 lakh crore last week, with IT majors Infosys and Tata Consultancy Services taking the biggest hit.

Last week, the BSE benchmark lost 759.58 points or 0.98 per cent, and the Nifty declined by 228.3 points or 0.97 per cent.

From the top-10 pack, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever and ITC faced a combined erosion of Rs 1,71,680.42 crore in their market valuation while Reliance Industries, Bharti Airtel, State Bank of India and Life Insurance Corporation of India (LIC) were the gainers.