Top 9 Sensex Firms Lose Over 1 Lakh Crore In M-Cap


MUMBAI: Amid a massive sell-off in the stock market last week, the combined market valuation of nine of the top-10 companies dropped sharply by 1,00,921.74 crore, with Sun Pharma and Infosys taking the biggest hit.

Barring TCS, rest nine companies suffered losses in their market capitalisation (m-cap), including RIL, ITC, ONGC, HDFC Bank, CIL, SBI and HDFC.

The m-cap of Sun Pharma tanked 21,534.24 crore to 2,28,046.45 crore and that of Infosys plunged 21,327.13 crore to 2,29,263.79 crore.

Shares of Infosys had on Friday tumbled 6 per cent after the company’s fourth quarter earnings missed the market expectations.

RIL’s valuation tumbled 15,354.6 crore to 2,84,569.83 crore, ONGC suffered a loss of 12,063.24 crore to 2,70,182.38 crore and that of SBI dipped 11,651.96 crore to 2,08,562.52 crore.

The market value of HDFC dropped 9,093.84 crore to 1,96,009.72 crore and that of ITC slipped 3,687.14 crore to 2,78,258.76 crore.

CIL’s market cap fell by 3,126.6 crore to 2,37,590.05 crore and HDFC Bank lost 3,082.99 crore to 2,52,303.82 crore.

On the other hand, TCS added 4,054.57 crore to 4,89,074.79 crore.

In the ranking of top-10 firms, TCS stood at number one place, followed by RIL, ITC, ONGC, HDFC Bank, CIL, Infosys, Sun Pharma, SBI and HDFC.

Over the past week, the BSE benchmark Sensex fell by 1,004.16 points to 27,437.94.

Read More: Infosys Aims To Become $20 Bn Company By 2020 and Car Exports From India Declined 1.66 Pct In 2014-15

Source: PTI