Top 10 Valued Firms Lose 94,561 Crore In Market Cap

NEW DELHI: The overall weakness in the equity market dragged down the combined market valuation of top 10 Sensex companies by a whopping 94,560.96 crore last week, with TCS and ONGC taking the biggest hit.

Markets ended in the red for the third consecutive week, where the Sensex slipped below the 26,000-mark to close at 25,610.53, a loss of 654.71 or 2.49 per cent.

The market capitalisation (m-cap) of TCS nosedived by 21,369.29 crore to 4,72,370.69 crore.

ONGC's valuation tumbled 19,763.19 crore to Rs 1,95,749.61 crore and that of Sun Pharma plunged by 14,907.88 crore to 1,78,497.41 crore.

The m-cap of Infosys dropped by Rs 8,636.51 crore to 2,52,767.28 crore and HDFC Bank lost 7,486.54 crore to 2,64,953.03 crore.

RIL also witnessed an erosion of 7,206.91 crore to 3,01,297.23 crore, ITC's valuation tanked by Rs 5,981.49 crore to 2,64,510.29 crore and HDFC lost 4,314.95 crore to 1,85,929.42 crore.

Similarly, CIL took a hit of 2,526.55 crore to 2,13,272.04 crore and SBI saw its m-cap tumble by 2,367.65 crore to 1,86,461.90 crore.

The ranking of top 10 firms remained as: TCS followed by RIL, HDFC Bank, ITC Infosys, CIL, ONGC, SBI, HDFC and Sun Pharma.