Mcap of 8 most valued firms erodes by Rs2.08 lakh crore

Reliance, TCS biggest laggards, HDFC Bank, SBI gainers

Mumbai: The combined market valuation of eight of the top-10 most valued firms declined by Rs2,08,207.93 crore last week, with bellwether Reliance Industries, TCS and Infosys taking the biggest hit.

While these three firms along with ITC, Life Insurance Corporation (LIC), Hindustan Unilever Ltd, Bharti Airtel and ICICI Bank were the laggards, HDFC Bank and State Bank of India (SBI) emerged as gainers.

Last week, the 30-share BSE Sensex tanked 1,449 points or 1.92 per cent. It rose by 75.71 points or 0.10 per cent to settle at 73,961.31 on Friday, snapping a five-day losing streak.