Top Seven Companies Lose Over 1 Lakh Crore Market Value In A Week

NEW DELHI: The combined market valuation of top seven Sensex companies tanked by a whopping 1 lakh crore in the past week, with TCS, ONGC and RIL taking the steepest hit.

The combined wealth erosion of these top seven Sensex firms, which also include SBI, HDFC Bank, Infosys and ICICI Bank, was 1,02,431.31 crore. The total market value of all these seven firms stood at 20.38 lakh crore in the week before. The Sensex concluded the week at 27,350.68, disclosing a sharp fall of 1,107.42 points of 3.89 percent -- the worst weekly drop since December 2011.

The market capitalisation (m-cap) of ONGC plunged 24,725.37 crore to 2,88,277.24 crore, taking the biggest hit among top-10 firms. TCS's valuation dropped 24,043.39 crore to 4,81,004.83 crore. RIL's market value plunged 23,988.04 crore to 2,85,834.50 crore.

The m-cap of Infosys tumbled 14,993.31 crore to 2,22,706.01 crore, ICICI Bank fell 7,439.74 crore to 2,00,670.19 crore, SBI dropped 4,740.74 crore to 2,32,408.20 crore and HDFC Bank dipped 2,500.72 crore to 2,25,270.38 crore.

On the other hand, CIL added 5,621.56 crore to 2,30,768.37 crore, Sun Pharma's m-cap rose by 4,282.96 crore to 1,74,386.96 crore and that of ITC gained 3,354.44 crore to 3,15,996.74 crore.

In the ranking of top-10 firms, TCS retained its numero-uno position, followed by ITC, ONGC, RIL, SBI, CIL, HDFC Bank, Infosys, ICICI Bank and Sun Pharma.

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