Weakness in the stock market led six of the top-10 most valued companies lose Rs 54,053 crore in market valuation last week, with IT majors TCS and Infosys taking the biggest hit.
While TCS, ONGC, RIL, Infosys, SBI and HDFC Bank saw decline in their market capitalisation (m-cap) for the week ended on Friday, December 5, ITC, CIL, ICICI Bank and HUL made gains.
The m-cap of TCS tumbled Rs 12,663.17 crore to reach Rs 5,05,048.22 crore. Rival Infosys’ valuation plunged Rs 12,624.58 crore, to Rs 2,37,699.32 crore.
ONGC’s market cap tanked Rs 11,678.24 crore and was at Rs 3,13,002.61 crore, while RIL lost Rs 10,698.27 crore to Rs 3,09,822.54 crore.
Similarly, HDFC Bank’s valuation dipped Rs 3,551.75 crore to Rs 2,27,771.10 crore and SBI lost Rs 2,836.98 crore to Rs 2,37,148.94 crore.
On the other hand, the m-cap of ITC surged Rs 22,722.38 crore to Rs 3,12,642.30 crore, while HUL gained Rs 7,218.56 crore to Rs 1,77,371.56 crore.
ICICI Bank’s valuation rose by Rs 4,979.57 crore to reach Rs 2,08,109.93 crore, and CIL added Rs 1,073.78 crore to touch Rs 2,25,146.81 crore.
In the ranking of top-10 firms, TCS stood at the numero- uno position, followed by ONGC, ITC, RIL, Infosys, SBI, HDFC Bank, CIL, ICICI Bank and HUL.
Over the past week, the BSE benchmark Sensex fell by 235.89 points or 0.82 per cent to conclude at 28,458.10.