Top Seven Companies Take Cumulative Hit Of Rs.29,907 Crore In M-Cap
By PTI
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 m-cap 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 percent and the NSE Nifty slipped 94.35 points or 1.08 percent. Both the indexes posted second straight weekly losses.
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