Mcap of five of most-valued firms tumbles ₹1.85 lakh crore; HDFC Bank hit hard

The market capitalisation (mcap) of HDFC Bank dropped by ₹70,479.23 crore to ₹12,67,440.61 crore.

The combined market valuation of five of the top-10 most-valued firms tumbled ₹1,85,952.31 crore last week, with HDFC Bank taking the biggest hit, in-line with a weak trend in domestic equities.

Last week, the BSE benchmark slumped 1,844.2 points or 2.32 per cent, and the Nifty dropped 573.25 points or 2.38 per cent.

While Reliance Industries, HDFC Bank, ICICI Bank, State Bank of India and ITC faced erosion from their market valuations, Tata Consultancy Services (TCS), Bharti Airtel, Infosys, Hindustan Unilever and the latest entrant in the top-10 pack -- HCL Technologies, were the gainers.