M-cap of top six cos tank by Rs 20,525 cr; ITC biggest loser
Dragged down by ITC and RIL, the combined market valuation of top-six Sensex companies fell by Rs 20,525 crore last week, amid an overall sluggish stock market.
Mumbai: Dragged down by ITC and RIL, the combined market valuation of top-six Sensex companies fell by Rs 20,525 crore last week, amid an overall sluggish stock market.
In a choppy market where the bellwether index Sensex fell by over 75 points, RIL, ITC, CIL, HDFC Bank, ICICI Bank and HDFC saw decline in their market value.
In contrast, TCS, ONGC, SBI and Infosys made gains in their market-cap (m-cap) during the period.
The market value of FMCG major ITC dropped by Rs 6,257 crore to Rs 2,26,529?crore, taking the steepest hit among the top-10 companies.
RIL's m-cap plunged Rs 5,258 crore to Rs 2,66,267 crore, while HDFC lost Rs 3,690 crore to Rs 1,27,353 crore.
Besides, HDFC Bank's m-cap slipped Rs 2,931 crore to Rs 1,59,882 crore, ICICI Bank shed Rs 1,568 crore to Rs 1,29,463 crore and Coal India Rs 821 crore to Rs 2,22,746 crore.
On the other hand, TCS added Rs 3,356 crore to Rs 2,46,237 crore in its m-cap, while the vale of ONGC soared by Rs 1,369 crore to Rs 2,23,383?crore.
The m-cap of SBI rose by Rs 909 crore to Rs 1,56,601 crore, while Infosys' value moved up by Rs 875 crore to Rs 1,31,642 crore.
In the domestic market capitalisation chart, RIL continued to rule the list, followed by TCS, ITC, ONGC, CIL, HDFC Bank, SBI, Infosys, ICICI Bank and HDFC.