Top Seven Cos Lose 
57,476 Cr In Mcap; SBI, RIL Disappoint
Mumbai: Dragged down by blue-chips including, SBI, RIL and ONGC, the combined market valuation of top seven companies fell sharply by 
57,476 crore last week.
Amid a weak stock market, where the BSE benchmark Sensex fell by nearly 3 per cent, top seven companies, including SBI, RIL, ONGC, HDFC Bank and ITC saw losses in their market capitalisation (m-cap) for the week ended Friday, May 24.
In contrast, TCS, Coal India and mortgage lender HDFC witnessed addition in their market value.
The m-cap of SBI nosedived by 18,705 crore to 1,47,145?crore, making it the biggest loser in the list of most valued companies. The bank had last week reported its quarterly results.
Hit by higher provisions for bad loans and fall in interest income, banking behemoth SBI had on Thursday reported 18.5 per cent decline in profit to 3,299 crore for January- March period, its first quarterly fall in two years.
After SBI, RIL took the biggest hit as its market cap dropped by 15,049 crore to 2,54,994 crore.
State-run energy major ONGC's value slumped by 12,876 crore to 2,78,010 crore, while HDFC Bank lost 4,069 crore to 1,66,953 crore.
The m-cap of ITC plunged 3,714 crore to 2,60,760 crore, ICICI Bank saw its value decline by 2,839 crore to 1,38,921 crore and Infosys saw a dip of 224 crore to 1,34,767 crore.
However, the market valuation of CIL surged Rs 8,053 crore to Rs 1,96,028 crore, while HDFC added 625 crore to 1,40,055 crore and TCS (391 crore to 2,87,711 crore).
In the ranking of top-10 companies, TCS remained at the numero-uno position, followed by ONGC, ITC, RIL, CIL, HDFC Bank, SBI, HDFC, ICICI Bank and Infosys.
