Six of top-10 firms lose Rs 95,432 cr in m-cap; RIL takes biggest hit

New Delhi: Six of the 10 most valued domestic companies suffered a combined erosion of Rs 95,432.26 crore in market valuation last week, dragged down by Reliance Industries Limited (RIL) and HDFC Bank amid a bearish trend in the broader market.

During the last week, the BSE Sensex plunged 720.67 points or 1.88 per cent. On Friday, the Sensex plummeted 894 points amid the Yes Bank crisis and coronavirus outbreak which has stoked fears of a global recession.

The market capitalisation (m-cap) of RIL plummeted Rs 37,144 crore to Rs 8,05,118.67 crore, taking the biggest hit among the top-10 firms for the week ended Friday.

HDFC Bank’s valuation dropped Rs 23,435 crore to Rs 6,22,109.94 crore and that of Bajaj Finance tumbled Rs 14,229.1 crore to Rs 2,54,309.90 crore.