The combined market valuation of seven of the 10 most valued Indian companies plummeted by Rs 72,452.27 crore last week, with ONGC emerging as the worst hit.
While TCS, RIL, HDFC Bank, ONGC, Infosys, CIL and SBI suffered losses in their market capitalisation (m-cap) for the week ended Friday, ITC, HDFC and HUL on the other hand witnessed gains.
ONGC’s valuation plunged Rs 17,367.65 crore to Rs 2,30,698.79 crore.
The m-cap of RIL tanked Rs 14,724.35 crore to Rs 3,26,205.83 crore and that of TCS tumbled Rs 12,709.26 crore to Rs 4,59,129.41 crore.
SBI’s valuation dropped by Rs 11,644.17 crore to Rs 1,88,519.04 crore and Infosys saw an erosion of Rs 7,281.31 crore to Rs 2,22,987.39 crore.
CIL took a hit of Rs 6,632.18 crore to Rs 1,99,281.30 crore and HDFC Bank suffered a loss of Rs 2,093.35 crore to Rs 3,17,052.75 crore.
On the other hand, the m-cap of ITC surged Rs 8,722.84 crore to Rs 3,01,786 crore.
HUL added Rs 1,547.46 crore to Rs 1,83,400.64 crore and HDFC saw a mild rise of Rs 23.76 crore to Rs 2,18,747.29 crore.
In the ranking of top-10 firms, TCS held the numero-uno spot followed by RIL, HDFC Bank, ITC, ONGC, Infosys, HDFC, CIL, SBI and HUL.
Over the last week, the first of the new Samvat Year 2073, the Sensex and Nifty both recorded losses by plunging 667.36 points, or 2.38 per cent, and 204.25 points, or 0.36 per cent, respectively.