The combined market valuation of top eight Sensex companies fell sharply by Rs 1,03,531.35 crore last week, with Sun Pharma bearing the maximum loss.
Except RIL and CIL, the remaining eight companies among the top 10 most valuable Indian firms — TCS, ONGC, HDFC Bank, ITC, Infosys, SBI and HDFC — witnessed slump in their market capitalisation (m-cap) for the week ended June 5.
Sun Pharma saw value erosion of Rs 28,202.58 crore to Rs 2,04,191.98 crore, the most among the top-10.
ONGC’s valuation plunged Rs 18,437.08 crore, to Rs 2,63,851.32 crore, while that of ITC dipped Rs 17,594.06 crore to reach Rs 2,44,313.04 crore.
The m-cap of State Bank of India (SBI) witnessed an erosion of Rs 15,397.23 crore to Rs 1,95,056.84 crore. Infosys lost Rs 1,182.92 crore and closed the week at Rs 2,31,084.12 crore, HDFC Bank’s value declined by Rs 9,797.51 crore to reach Rs 2,53,920.01 crore.
TCS’s m-cap fell by Rs 7,492.14 crore at Rs 5,03,853.39 crore and that of HDFC Ltd went down by Rs 5,427.83 crore to Rs 1,89,233.49 crore.
In contrast, market valuation of RIL surged Rs 9,352.32 crore to Rs 2,93,206.58 crore and CIL added Rs 9,032.4 crore to Rs 2,56,191.74 crore.
Tata Consultancy Services (TCS) continued to rule the domestic market cap chart, followed by RIL, ONGC, CIL, HDFC Bank, ITC, Infosys, Sun Pharma, SBI and HDFC.
Over the last week, the BSE benchmark Sensex fell by 3.8 per cent to 26,768.49. It has lost 1,189.01 points or 4.26 per cent in two weeks.