Top 9 Firms Lose 35,893 Crore In M-Cap; HDFC Bank Drags


Mumbai: Top nine blue-chip companies of the country saw a cumulative erosion of 35,893 crore from their market value last week, with HDFC Bank and ITC taking the steepest hit.

Amid a weak stock market last week, blue-chips such as TCS, ONGC, RIL, ITC and HDFC Bank saw losses in their market capitalisation (m-cap), while bucking the trend IT major Infosys witnessed rise in its value.

HDFC Bank's m-cap dipped by 6,977 crore to 1,51,325 crore, while the value of ITC plunged 6,756 crore to 2,55,110 crore.

RIL's m-cap dropped by 5,877 crore to 2,56,936 crore, while TCS lost 5,421 crore to 2,78,424 crore and SBI's value tanked 3,820 crore to 1,36,150 crore.

ONGC's market worth slipped by 3,293 crore to 2,63,509 crore, HDFC (2,045 crore to 1,26,989 crore, CIL (1,137 crore to 1,88,985 crore) and HUL (567 crore to 1,27,732 crore).

In contrast, Infosys saw an addition of 1,390 crore to 1,38,916 crore in its m-cap.

In the list of top-10 companies, TCS stood at number one position, followed by ONGC, RIL, ITC, CIL, HDFC Bank, Infosys, SBI, HUL and HDFC.

The BSE benchmark Sensex dropped for a third week in a row, losing 404 points or 2.1 per cent to end the week at 18,774.24.

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Source: PTI