Top Seven Companies Take Cumulative Hit Of 29,907 Crore In M-Cap


NEW DELHI: Seven of the top-10 most valued Indian companies saw a combined erosion of 29,906.6 crore from their market valuation last week, with TCS emerging as the worst-hit.

Barring RIL, HDFC Bank and ITC, the rest seven companies suffered losses in their market capitalisation(m-cap) for the week ended Friday.

TCS's m-cap plummeted by 14,738.8 crore to 4,98,350.78 crore.

The market valuation of SBI plunged 9,160.08 crore to 1,91,507.71 crore and that of ONGC dropped by 2,994.42 crore to 2,04,005.66 crore.

HUL's m-cap diminished by 2,031.91 crore to 1,95,347.30 crore, while that of CIL fell by 473.73 crore to 2,10,619.17 crore.

The valuation of HDFC went down by 427.27 crore to 2,16,315.16 crore and of Infosys dipped by 80.39 crore to 2,34,460.63 crore.

Among the gainers, RIL added 4,167.19 crore to 3,33,278.01 crore in its valuation.

The m-cap of HDFC Bank rose by 3,287.29 crore to 3,19,311.69 crore and of ITC went up by 3,264.42 crore to 3,06,794.68 crore.

In the ranking of top-10 firms, TCS retained its number one position followed by RIL, HDFC Bank, ITC, Infosys, HDFC, CIL, ONGC, HUL and SBI.

Over the past week, the Sensex fell by 294.75 points or 1.04 percent and the NSE Nifty slipped 94.35 points or 1.08 percent. Both the indexes posted second straight weekly losses.

Read Also:

Liberalized Remittance Scheme (LRS): 5 things to know

Chit Fund Scams Rise to Become a Commonplace

Source: PTI