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Top four companies lose Rs 26,738 crore in market cap last week
The combined market valuation of four of the top-10 most valued Indian companies declined by Rs 26,738.39 crore last week, led by IT major TCS.
New Delhi: The combined market valuation of four of the top-10 most valued Indian companies declined by Rs 26,738.39 crore last week, led by IT major TCS.
TCS, RILBSE 0.95 %, InfosysBSE -0.85 % and HULBSE -0.22 % suffered losses in their market capitalisation (m-cap) for the week ended Friday, while HDFC BankBSE -0.41 %, ITCBSE 1.13 %, ONGCBSE -0.60 %, HDFC, SBI and CILBSE 0.79 % witnessed rally.
The combined gain of Rs 12,319.95 crore by these companies was less than the total loss suffered by the top-four firms.
The market valuation of TCS slumped Rs 19,723.4 crore to Rs 4,78,173.60 crore and that of RIL plunged Rs 4,637.15 crore to Rs 4,17,240.85 crore.
Infosys's m-cap plummeted by Rs 1,883.25 crore to Rs 2,36,998.75 crore and of HUL dipped by Rs 494.59 crore to Rs 1,94,722.41 crore.
On the other hand, the valuation of CIL jumped Rs 5,152.83 crore to Rs 1,85,011.83 crore.
ONGC's valuation soared Rs 2,631.12 crore to Rs 2,46,398.12 crore and of HDFC jumped Rs 2,260.81 crore to Rs 2,32,216.81 crore.
The m-cap of SBI advanced by Rs 1,555.59 crore to Rs 2,20,108.59 crore, HDFC Bank (Rs 376.55 crore to Rs 3,64,772.55 crore) and ITC (Rs 343.05 crore to Rs 3,41,195.05 crore).
In the top-10 ranking, TCS led the pack followed by RIL, HDFC Bank, ITC, ONGC, Infosys, HDFC, SBI, HUL and CIL.