M-cap of top seven Sensex cos plummets by Rs 59,572 cr
Mumbai: The combined market valuation of top seven Sensex firms dropped by Rs 59,572 crore last week, with energy majors -- RIL and ONGC -- taking the steepest hit.
TCS, ITC, RIL, ONGC, HDFC Bank, HUL and Bharti Airtel also saw erosion from their market capitalisation (m-cap) while CIL, Infosys and NTPC made gains.
The m-cap of RIL slumped Rs 13,697 crore to Rs 2,71,430 crore, while ONGC took a hit of Rs 13,560 crore to Rs 2,34,848 crore.
HDFC Bank's market value plunged Rs 11,785 crore to Rs 1,45,751 crore and Bharti Airtel saw its value plummet by Rs 7,695 crore to Rs 1,29,955 crore.
The market cap of HUL dived Rs 6,574 crore to Rs 1,34,260 crore, while ITC shed Rs 5,146 crore to Rs 2,76,203 crore and TCS lost Rs 1,115 crore to Rs 3,81,100 crore.
In contrast, CIL added Rs 3,726 crore to Rs 1,93,943 crore, while Infosys' value rose by Rs 623 crore to Rs 1,72,638 crore.
NTPC's m-cap jumped Rs 619 crore to Rs 1,22,445 crore.
In the top-10 list, TCS remained at the numero-uno position, followed by ITC, RIL, ONGC, CIL, Infosys, HDFC Bank, HUL, Bharti and NTPC.
The Sensex ended the week on a negative note, losing 536.44 points, or 2.65 percent, the first drop in the last five weeks.