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Five of top-10 firms lose Rs 32,959 crore in m-cap
Five of the 10 most valued Indian companies saw a cumulative erosion of Rs 32,959.50 crore in their market valuation last week, with RIL being the worst hit.
New Delhi: Five of the 10 most valued Indian companies saw a cumulative erosion of Rs 32,959.50 crore in their market valuation last week, with RIL being the worst hit.
While RIL, ONGC, IOC, HDFC Bank and ITC saw losses in their market capitalisation (m-cap) for the week ended Friday, TCS, SBI, HUL, Infosys and HDFC made gains.
The m-cap of RIL tumbled by Rs 21,523.83 crore to Rs 4,31,972.09 crore, the steepest fall among the top-10 firms.
ONGC's valuation fell by Rs 3,721.64 crore to Rs 2,35,361.53 crore and that of IOC declined by Rs 3,253.46 crore to Rs 2,10,333.52 crore.
The m-cap of HDFC Bank was down by Rs 2,577.73 crore to Rs 3,92,969.73 crore and ITC saw its m-cap drop by Rs 1,882.84 crore to Rs 3,36,543.25 crore.
Among the gainers, TCS saw its valuation surge by Rs 9,428.50 crore to Rs 4,57,129.43 crore.
The m-cap of SBI jumped by Rs 5,271.40 crore to Rs 2,40,011.22 crore and that of HUL climbed by Rs 4,144.73 crore to Rs 2,06,446.49 crore.
While Infosys saw an addition of Rs 2,779.31 crore to Rs 2,13,960.40 crore, HDFC gained Rs 1,501.29 crore to Rs 2,45,687.19 crore.
In the ranking of top-10 firms', TCS stood at number one position after it reclaimed its status as the country's most valued company last week. TCS was followed by RIL, HDFC Bank, ITC, HDFC, SBI, ONGC, Infosys, IOC and HUL in the m-cap chart.
Over the past week, both benchmark indices -- the Sensex and the Nifty -- logged losses of 59.60 points and 18.75 points, respectively.