The valuation of TCS tumbled Rs 26,900.6 crore to Rs 6,22,401.90 crore, making it the top loser among the pack.
RIL, HUL, HDFC, ITC, Infosys, HDFC Bank and SBI were the other firms which witnessed a rally in their market capitalisation.
The m-cap of Reliance Industries Ltd zoomed Rs 28,494.36 crore to Rs 8,57,303.03 crore, the most among the frontline entities.
Post market hours on Friday, the GST Council reduced tax rate on hotel room tariffs, a move aimed at giving a boost.
ITC may be competing with Coca-Cola Co, which has approached India's greatest cafe chain but has not made a formal offer.
Sebi had received complaints from ITC and LIC alleging violations by promoters and JMF ARC in respect of asset sale.
The company is seeking to be an engine of growth for Indian economy through a vibrant portfolio of future-ready businesses.
Shares of ITC closed 3.09 per cent down at Rs 288.50 on the BSE.
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