The combined market valuation of five of the top 10 most valued firms plunged by ₹1,97,958.56 crore last week. IT giants Tata Consultancy Services (TCS) and Infosys bore the brunt of this downturn.
TCS witnessed the highest decline in market valuation among the top 10 firms (Bloomberg)
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During the same period, the Bombay Stock Exchange (BSE) benchmark recorded a modest climb of 188.51 points or 0.25 per cent. The National Stock Exchange (NSE) gained 84.80 points or 0.39 per cent.
In the list of the most valued firms, Reliance Industries maintained its top position, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, LIC, ITC, and Hindustan Unilever.
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Home/Business/Top 10 firms saw market value erode by ₹1.97 lakh cr; TCS, Infosys bear brunt
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