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Eight of the top-10 most valued Indian companies together lost Rs 27,727.1 crore in market valuation last week, with RIL and TCS taking the biggest blow.
While TCS, RIL, HDFC Bank, ITC, CIL, HDFC, HUL and ONGC burnt their fingers, Infosys and Sun Pharma broke free and notched up gains.
RIL’s valuation declined by Rs 7,052.3 crore to Rs 3,08,518.6 crore and that of TCS tumbled Rs 6,463 crore to Rs 5,06,537.9 crore.
The m-cap of ITC plunged Rs 4,949 crore to Rs 2,84,388.3 crore and HUL’s tanked Rs 4,748.4 crore to Rs 1,85,908.7 crore.
HDFC Bank’s valuation slid Rs 1,886.1 crore to Rs 2,94,125.1 crore and CIL saw an m—cap erosion by Rs 1,073.78 crore at Rs 1,96,849.5 crore.
The m—cap of ONGC slipped Rs 898.32 crore to Rs 1,79,280.3 crore and HDFC’s fell by Rs 656.1 crore to Rs 1,93,454.8 crore.
In stark contrast, Infosys added Rs 3,721.1 crore at Rs 2,74,370 crore in its valuation and Sun Pharma Rs 2,635.3 crore at Rs 1,81,404.6 crore.
In the ranking of top—10 firms on the domestic market cap chart, TCS continued to remain at the numero uno position followed by RIL, HDFC Bank, ITC, Infosys, CIL, HDFC, HUL, Sun Pharma and ONGC.
On a weekly basis, the benchmark Sensex fell 228.2 points to end at 26,397.71 on Friday amid heavy selling following global cues.
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