1. Market Capitalisation: Top three companies lose Rs 29,464 crore in market valuation

Market Capitalisation: Top three companies lose Rs 29,464 crore in market valuation

Led by RIL, three of the top-10 most valued Indian companies together witnessed an erosion of Rs 29,464.12 crore in their market capitalisation last week, amid sluggish broader market trend.

By: | New Delhi | Updated: February 7, 2016 4:36 PM
Sensex, BSE, NSE Nifty, stock market today, bse, nse

The m-cap of ONGC tumbled Rs 5,261.62 crore to Rs 1,88,178 crore and Sun Pharma lost Rs 3,898.7 crore to Rs 2,06,198 crore.(Photo: Reuters)

Led by RIL, three of the top-10 most valued Indian companies together witnessed an erosion of Rs 29,464.12 crore in their market capitalisation last week, amid sluggish broader market trend.

The rest seven companies saw rise in their valuation.

However, their cumulative gain was less than the total loss suffered by three companies – RIL, Sun Pharma and ONGC.

RIL saw its market value plummet by Rs 20,303.8 crore to Rs 3,14,990.42 crore, taking the steepest hit in the top-10 list.

The m-cap of ONGC tumbled Rs 5,261.62 crore to Rs 1,88,178 crore and Sun Pharma lost Rs 3,898.7 crore to Rs 2,06,198 crore.

In contrast, the combined valuation of top-seven companies surged by Rs 25,639.18 crore.

The m-cap of TCS soared by Rs 6,827.53 crore to Rs 4,77,996.26 crore and HUL added Rs 6,069.66 crore to Rs 1,82,836.27 crore.

CIL’s valuation climbed Rs 3,884.57 crore to Rs 2,06,039.81 crore, ITC (Rs 3,586.94 crore to Rs 2,60,359.19 crore), Infosys (Rs 2,319.91 crore to Rs 2,69,879.51 crore).

The valuation of HDFC Bank rose by Rs 1,987.54 crore to Rs 2,66,856.48 crore and HDFC added Rs 963.03 crore to Rs 1,86,873.92 crore.

At the end of Friday’s trade, the top-10 companies list stood as: TCS followed by RIL, Infosys, HDFC Bank, ITC, Sun Pharma, CIL, ONGC, HDFC and HUL.

On a weekly basis, the BSE benchmark Sensex has fallen by 253.72 points to 24,616.97.

  1. No Comments.

Go to Top