Top 7 Indian Firms Take Combined Hit of Rs 52,298 Crore in Market Cap
The combined market valuation of 7 of the top 10 most valued Indian companies diminished by Rs 52,297.7 crore last week, with TCS taking the biggest hit.
Only HDFC Bank, ONGC and SBI managed to see gain in their market capitalisation (m-cap) for the week ended Friday, while TCS, RIL, ITC, Infosys, HDFC, CIL and HUL suffered losses.
The m-cap of TCS plummeted by Rs 25,300.3 crore to Rs 5,13,089.58 crore, taking the steepest hit among the top-10 firms.
HDFC’s valuation declined by Rs 1,358.41 crore to Rs 2,16,742.43 crore and that of Infosys slumped Rs 9,693.11 crore to Rs 2,34,541.02 crore. The m-cap of RIL tanked Rs 6,518.33 crore to Rs 3,29,110.82 crore and of HUL dipped by Rs 4,036.31 crore to Rs 1,97,379.21 crore.
ITC’s valuation fell by Rs 3,022.61 crore to Rs 3,03,530.26 crore and that of CIL went down by Rs 2,368.63 crore to Rs 2,11,092.90 crore.
On the other hand, SBI added Rs 11,877.79 crore to Rs 2,00,667.79 crore in its valuation.
ONGC’s m-cap surged Rs 7,571.61 crore to Rs 2,07,000.08 crore and of HDFC Bank went up by Rs 4,213.83 crore to Rs 3,16,024.40 crore.
In the ranking of top-10 firms, TCS retained the number one position followed by RIL, HDFC Bank, ITC, Infosys, HDFC, CIL, ONGC, SBI and HUL. Over the past week, both indices Sensex and Nifty slipped 75.40 points or 0.26 per cent, and 5.25 points or 0.06 per cent, respectively.