Top 10 cos lose Rs 1.83 lakh cr in m-cap amid sell-off pain
The heavy sell-off last week took a toll on the country's top 10 most valued companies as it shaved off over Rs 1.83 lakh crore from their combined market valuation.
New Delhi: The heavy sell-off last week took a toll on the country's top 10 most valued companies as it shaved off over Rs 1.83 lakh crore from their combined market valuation.
TCS' market capitalisation (m-cap) went down by Rs 39,280.48 crore to Rs 4,38,715.78 crore, taking the hardest hit.
The valuation of ONGC nosedived Rs 22,586.5 crore to Rs 1,65,591.51 crore and that of RIL tumbled Rs 21,381.64 crore to Rs 2,93,608.78 crore.
Infosys' plunged Rs 21,005.56 crore to Rs 2,48,873.95 crore and HDFC Bank took a hit of Rs 20,979.21 crore at Rs 2,45,877.27 crore.
ITC saw an erosion of Rs 19,010.48 crore to Rs 2,41,348.71 crore, HDFC (Rs 15,778.54 crore at Rs 1,71,095.38 crore) and CIL (Rs 14,338.15 crore at Rs 1,91,701.66 crore).
Similarly, HUL lost Rs 7,357.17 crore at Rs 1,75,479.10 crore and that of Sun Pharma fell Rs 2,033.58 crore to Rs 2,04,164.44 crore.
TCS topped the chart followed by RIL, Infosys, HDFC Bank, ITC, Sun Pharma, CIL, HUL, HDFC and ONGC.
Last week, markets saw massive selling, with both the key indices recording their biggest weekly fall since July 2009 -- Sensex fell 1,631 points, or 6.62 percent, and Nifty was down 508.15 points, or 6.78 percent.
Sinking to its lowest level in 21 months, the Sensex on Thursday crashed 807 points to go below the 23,000-mark on concerns over the health of the global economy and mounting bad loans.