Market Capitalisation: Top seven companies witness erosion of Rs 32,188 cr

By: |
New Delhi | Published: April 3, 2016 2:05 PM

The combined market valuation of top-seven companies dipped by Rs 32,188.32 crore last week, with HDFC and Sun Pharma taking the steepest hit.

bse sensex, nse nifty, budget 2016RIL’s m-cap climbed Rs 1,420.3 crore to Rs 3,34,941.38 crore.(Source : Reuters)

The combined market valuation of top-seven companies dipped by Rs 32,188.32 crore last week, with HDFC and Sun Pharma taking the steepest hit.

While TCS, Infosys, Sun Pharma, HUL, CIL, ONGC and HDFC suffered losses in their market capitalisation (m-cap), RIL, ITC and HDFC Bank made gains.

The m-cap of HDFC tumbled Rs 8,144 crore to Rs 1,75,607.13 crore and that of Sun Pharma plummeted Rs 7,328.31 crore to Rs 1,96,420.26 crore.

CIL’s valuation plunged Rs 6,190 crore to Rs 1,81,784.97 crore, while that of ONGC dipped by Rs 4,962.18 crore to Rs 1,78,595.86 crore, followed by TCS, which saw its m-cap falling by Rs 3,802.92 crore to Rs 4,83,818.88 crore.

The market cap of HUL dipped Rs 1,335.87 crore to Rs 1,87,483.50 crore and Infosys lost Rs 424.93 crore to Rs 2,76,988.56 crore.

In contrast, the valuation of ITC surged Rs 9,334.76 crore to Rs 2,70,386.15 crore and HDFC Bank added Rs 4,143.82 crore to Rs 2,69,251.86 crore.

RIL’s m-cap climbed Rs 1,420.3 crore to Rs 3,34,941.38 crore.

The ranking of top-10 firms in the domestic market cap chart stood as: TCS, RIL, Infosys, ITC, HDFC Bank, Sun Pharma, HUL, CIL, ONGC and HDFC.

Meanwhile, snapping the consecutive four week gains, the market ended with minor losses as the BSE benchmark Sensex fell 67.92 points in the week to close at 25,269.64, while the NSE Nifty ended on a flat note, slipping by a marginal 3.45 points and managed to hold the crucial 7,700-level.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Retain ‘add’ on Embassy Office Parks REIT with fair value of Rs 400/share
2Analyst Corner| Retain ‘reduce’ on Adani Power with target price of Rs 31
3Seed war? Centre alerts states about unsolicited parcels