Three of top-10 firms lose Rs 1.22 trn in mcap; RIL biggest laggard

The combined market valuation of three of the 10 most valued domestic firms fell by Rs 1,22,852.25 crore last week, with Reliance Industries emerging as the biggest laggard. IT majors Tata Consultancy Services (TCS) and Infosys were the other two bluechips which faced erosion from their valuation. In contrast, HDFC Bank, Hindustan Unilever, ICICI Bank, State Bank of India, HDFC, Bajaj Finance and Adani Transmission were the gainers. Their combined gain was Rs 62,221.63 crore. During the holiday-shortened week, the BSE benchmark Sensex dipped 30.54 points or 0.05 per cent. The market valuation of Reliance Industries fell by Rs 60,176.75 crore to reach Rs 17,11,468.58 crore. The market capitalisation (mcap) of TCS declined by Rs 33,663.28 crore to Rs 11,45,155.01 crore and that of Infosys dipped by Rs 29,012.22 crore to Rs 6,11,339.35 crore. From the gainers pack, HDFC Bank added Rs 12,653.69 crore, taking its valuation to Rs 8,26,605.74 crore. The valuation of Adani Transmission,

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