Eight of top 10 firms lose Rs 1.03 lakh crore m-cap; RIL, ICICI hit hard
Eight of the top 10 valued firms in India faced a combined erosion of Rs 1,03,732.39 crore in market valuation last week. This was due to concerns over the quantum of the next interest rate hike by the US Federal Reserve. The market valuation of Reliance Industries plummeted by Rs 41,878.37 crore to Rs 15,71,724.26 crore, the most among the top 10 firms.
