M-cap of top seven cos down Rs 39,787 cr; RIL biggest loser
Mumbai: The combined market valuation of top seven Sensex companies fell by Rs 39,787 crore last week, with RIL alone taking the steepest hit of Rs 12,457 crore.
Besides RIL, TCS, ONGC, CIL, SBI, NTPC and Infosys their value dipping. On other hand, ITC, HDFC Bank and HUL saw gains in their market capitalisation (m-cap).
The market value of RIL decreased Rs 12,457 crore to Rs 2,64,957 crore, with its share price falling 4.5 percent during the last week.
Energy major ONGC took the second biggest hit as its m-cap slipped Rs 8,470 crore to Rs 2,37,243 crore.
Infosys, which declared its second quarter results on Friday, saw its market value plummeting Rs 7,595 crore to Rs 1,37,565 crore in the week.
The IT bellwether's counter witnessed heavy selling on Friday amid lower-than-expected quarterly earnings and a cut in its full-year revenue guidance.
Besides, State Bank of India's value plunged by Rs 5,952 crore to Rs 1,51,025?crore, while Coal India lost Rs 2,526 crore to finish the week with a m-cap of Rs 2,27,010 crore.
NTPC shed Rs 1,691 crore to Rs 1,39,100 crore and TCS's m-cap dipped by Rs 1,096 crore to close at Rs 2,54,076 crore.
On the other hand, FMCG major ITC added Rs 5,735 crore to Rs 2,22,333 crore in m-cap, while HDFC Bank's value moved up by Rs 1,995 crore to Rs 1,48,784 crore.
Another FMCG firm HUL's m-cap climbed by Rs 1,963 crore to Rs 1,24,003 crore.
In the list of top-10 companies in terms of m-cap, RIL was at top place, followed by TCS, ONGC, CIL, ITC, SBI, HDFC Bank, NTPC, Infosys and HUL.
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