Top 3 companies lose Rs 32,447 crore in m-cap; Sun Pharma hit hard

New Delhi: Led by Sun Pharma, three of the top 10 most valued Indian companies together saw erosion of Rs 32,447.1 crore from their market capitalisation last week.

The rest seven companies saw rise in their valuation, taking their cumulative addition to Rs 27,302.16 crore.

However, their cumulative gain was less than the total loss suffered by the three companies - Sun Pharma, HDFC Ltd and HDFC Bank.

Sun Pharma saw its market valuation slump by Rs 20,526.9 crore to Rs 1,93,405.29 crore, taking the steepest hit in the top 10 list.

The market cap of HDFC tumbled Rs 8,101.38 crore to Rs 1,90,244.37 crore and that of HDFC Bank plunged by Rs 3,818.82 crore to Rs 2,72,439.57 crore.

In stark contrast, CIL added Rs 13,738.09 crore to Rs 2,15,798.59 crore in its valuation.

SBI's m-cap surged by Rs 4,696.48 crore to Rs 1,88,829.55 crore and ONGC saw a rise of Rs 3,464.98 crore to Rs 2,15,512.80 crore.

The valuation of ITC climbed Rs 1,766.34 crore to Rs 2,70,491.78 crore and that of TCS soared by Rs 1,665.01 crore to Rs 4,93,739.98 crore.

Similarly, RIL's m-cap advanced by Rs 1,511.87 crore to Rs 3,08,504.14 crore and Infosys added Rs 459.39 crore to Rs 2,61,403.79 crore.

The ranking of top 10 firms was yet again led by TCS, followed by RIL, HDFC Bank, ITC, Infosys, CIL, ONGC, Sun Pharma, HDFC and SBI.

Over the past week, in the broader market the Sensex fell by 391.59 points to end at 26,265.24.