Top seven cos take cumulative hit of Rs 29,907 cr in m-cap
Seven of the top-10 most valued Indian companies saw a combined erosion of Rs 29,906.6 crore from their market valuation last week, with TCS emerging as the worst-hit.
New Delhi: Seven of the top-10 most valued Indian companies saw a combined erosion of Rs 29,906.6 crore from their market valuation last week, with TCS emerging as the worst-hit.
Barring RIL, HDFC Bank and ITC, the rest seven companies suffered losses in their market capitalisation (m-cap) for the week ended Friday.
TCS's m-cap plummeted by Rs 14,738.8 crore to Rs 4,98,350.78 crore.
The market valuation of SBI plunged Rs 9,160.08 crore to Rs 1,91,507.71 crore and that of ONGC dropped by Rs 2,994.42 crore to Rs 2,04,005.66 crore.
HUL's m-cap diminished by Rs 2,031.91 crore to Rs 1,95,347.30 crore, while that of CIL fell by Rs 473.73 crore to Rs 2,10,619.17 crore.
The valuation of HDFC went down by Rs 427.27 crore to Rs 2,16,315.16 crore and of Infosys dipped by Rs 80.39 crore to Rs 2,34,460.63 crore.
Among the gainers, RIL added Rs 4,167.19 crore to Rs 3,33,278.01 crore in its valuation.
The c of HDFC Bank rose by Rs 3,287.29 crore to Rs 3,19,311.69 crore and of ITC went up by Rs 3,264.42 crore to Rs 3,06,794.68 crore.
In the ranking of top-10 firms, TCS retained its number one position followed by RIL, HDFC Bank, ITC, Infosys, HDFC, CIL, ONGC, HUL and SBI.
Over the past week, the Sensex fell by 294.75 points or 1.04 per cent and the NSE Nifty slipped 94.35 points or 1.08 percent. Both the indexes posted second straight weekly losses.