The combined market valuation of six of the 10 most valued Indian companies declined by Rs 57,015.31 crore last week, with ITC and HDFC Bank being the worst hit.
The combined market valuation of six of the 10 most valued Indian companies declined by Rs 57,015.31 crore last week, with ITC and HDFC Bank being the worst hit. While RIL, HDFC Bank, ITC, Infosys, HDFC and CIL saw decline in their market capitalisation (m-cap) for the week ended Friday, TCS, ONGC, SBI and HUL on the other hand made gains.
The m-cap of ITC plummeted by Rs 18,293.73 crore to Rs 2,76,102.08 crore and that of HDFC Bank tanked Rs 16,340.82 crore to Rs 3,08,869.59 crore.
CIL’s valuation plunged by Rs 14,207.98 crore to Rs 1,90,505.39 crore and RIL saw a dip of Rs 4,508.29 crore to Rs 3,20,283.29 crore.
The m-cap of HDFC dropped by Rs 3,193.62 crore to Rs 1,98,209.12 crore and that of Infosys fell by Rs 470.87 crore to Rs 2,11,272.97 crore.
In contrast, TCS added Rs 3,566.48 crore in its valuation to Rs 4,18,351.41 crore.
The m-cap of SBI surged by Rs 2,173.57 crore to Rs 2,14,019.76 crore and ONGC’s valuation went up by Rs 1,668.32 crore to Rs 2,35,532.64 crore.
Similarly, HUL’s m-cap rose by Rs 638.46 crore to Rs 1,73,975.22 crore.
In terms of market valuation of top-10 firms, TCS stood at numero uno position followed by RIL, HDFC Bank, ITC, ONGC, SBI, Infosys, HDFC, CIL and HUL.
Over the last week, the Sensex crumbled 668.58 points, or 2.49 per cent, while the Nifty plunged 222.20 points, or 2.67 per cent.