Market mayhem: Top 10 cos lose Rs 4.22 lakh cr in m-cap; TCS, RIL hit hard

New Delhi: The 10 most valued domestic companies lost a massive Rs 4,22,393.44 crore in market capitalisation last week, with heavyweights TCS and RIL taking the biggest hit. In a nerve-wracking week for the markets, the BSE Sensex plummeted 3,473.14 points or 9.24 per cent, largely in tandem with global equities which were hammered by panic selling amid the coronavirus pandemic.

The market capitalisation (m-cap) of TCS dropped by Rs 1,16,549.07 crore to reach Rs 6,78,168.49 crore for the week ended Friday.

Reliance Industries’ m-cap plummeted Rs 1,03,425.15 crore to Rs 7,01,693.52 crore.

Infosys was another major drag, with its valuation plunging Rs 41,315.98 crore to Rs 2,73,505.62 crore.