The combined market valuation of six of the 10 most valued Indian firms fell sharply by Rs 91,800.9 crore last week, with IT major TCS taking the biggest hit.
The combined market valuation of six of the 10 most valued Indian firms fell sharply by Rs 91,800.9 crore last week, with IT major TCS taking the biggest hit. While TCS, RIL, ITC, Infosys, HDFC and HUL suffered losses in their market valuation for the week ended Friday, HDFC Bank, ONGC, SBI and CIL made gains.
The market valuation of TCS nosedived Rs 44,344.48 crore to Rs 4,14,784.93 crore. HDFC’s m-cap dived Rs 17,344.55 crore to Rs 2,01,402.74 crore and that of Infosys tumbled Rs 11,243.55 crore to Rs 2,11,743.84 crore.
The valuation of HUL plunged Rs 10,063.88 crore to Rs 1,73,336.76 crore and of ITC tanked Rs 7,390.19 crore to Rs 2,94,395.81 crore.
RIL lost Rs 1,414.25 crore to Rs 3,24,791.58 crore from its m-cap.
On the other hand, SBI emerged as the biggest gainer as its m-cap surged Rs 23,327.15 crore to Rs 2,11,846.19 crore.
HDFC Bank’s valuation zoomed Rs 8,157.66 crore to Rs 3,25,210.41 crore.
The m-cap of CIL moved up by Rs 5,432.07 crore to Rs 2,04,713.37 crore and of ONGC jumped Rs 3,165.53 crore to Rs 2,33,864.32 crore.
In the ranking of top-10 firms, TCS continued to remain at the numero-uno spot followed by HDFC Bank, RIL, ITC, ONGC, SBI, Infosys, CIL, HDFC and HUL.
HDFC Bank surpassed RIL to become the second most valued firm after TCS.
Over the last week, the BSE Sensex fell by 455.33 points to 26,818.82.