Mumbai: Amid a huge sell-off in the stock market last week, the combined market capitalisation of top- nine Sensex companies tanked Rs 79,571 crore, with ONGC and Coal India taking the biggest hit.
Barring ITC, the rest of the nine companies, including ONGC, CIL, SBI, RIL, among others, witnessed slump in their market value for the week ended March 22, in an overall weak stock market where the BSE benchmark Sensex fell by 3.56 percent to 18,735.60.
The market capitalisation (m-cap) of state-run energy major ONGC nosedived by Rs 20,062 crore to Rs 2,53,114?crore. The company's scrip also dropped by 7.34 percent to Rs 295.85 during the week.
Coal India's m-cap declined by Rs 14,243 crore to Rs 1,87,880 crore, while SBI saw an erosion of Rs 11,927 crore from its value which was at Rs 1,39,839 crore.
The market-cap of RIL slumped Rs 10,678 crore to Rs 2,62,336 crore, while HDFC Bank's value skidded by Rs 7,916 crore to Rs 1,43,695 crore.
TCS lost Rs 5,862 crore to Rs 3,01,597 crore, while ICICI Bank's value dipped by Rs 4,476 crore to Rs 1,18,639 crore, HDFC (Rs 3,080 crore to Rs 1,22,582 crore) and Infosys (Rs 1,327 crore to Rs 1,64,265 crore).
In contrast, ITC added Rs 2,445 crore to Rs 2,40,789 crore in its market-cap.
In the ranking of the top-10 companies, TCS was at number one position, followed by RIL, ONGC, ITC, CIL, Infosys, HDFC Bank, SBI, HDFC and ICICI Bank.