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Dwindle Continues In Indian Markets

Nine of the 10 most valued domestic firms together adrift Rs 84, 354 crores in market valuation last week that ended on August 16. The valuation was mainly dragged down by Tata Consultancy Services (TCS).

As per the PTI, Reliance Industries Limited (RIL) was the sole gainer among the top-10 firms in its market valuation last week. RIL zoomed Rs 72,153 crore to Rs 8,09,755 crore after announcing a host of investor-friendly proposals at its AGM meeting held on August 12.

Crucial companies like TCS, HDFC Bank, Hindustan Unilever Limited (HUL), HDFC, Infosys, ITC, Kotak Mahindra Bank, ICICI Bank and SBI closed the week with losses.

The m-cap of TCS faced declining up RS 30,807.1 crores to Rs 8,11,828.43 crore for the week ended Friday. HDFC’s valuation trip to Rs 19,495.4 crore to Rs 3,62,123.92 crore and that of HDFC Bank by Rs 15,065.8 crore to Rs 6,08,826.25 crore.Infosys’ m-cap crumble by Rs 6,700.27 crore to Rs 3,32,672.51 crore and that of Kotak Mahindra Bank declined Rs 6,525.48 crore to Rs 2,86,340.99 crore.

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