Combined market valuation of 9 of the top 10 most valued Indian companies plummeted by Rs 57,065.11 crore last week, with ITC taking the sharpest hit.
Barring TCS, the rest including RIL, HDFC Bank, Infosys and HDFC suffered losses in their market capitalisation for the week ended Friday.
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ITC’s valuation plunged by Rs 14,883.32 crore to Rs 2,92,281.77 crore.
The m-cap of HDFC Bank slumped Rs 10,117.75 crore to Rs 3,23,728.24 crore and that of HUL declined by Rs 9,198.16 crore to Rs 1,87,815.76 crore.
RIL’s valuation tanked Rs 6,761.87 crore to Rs 3,50,936.37 crore and that of HDFC diminished by Rs 4,939.04 crore to Rs 2,20,655.98 crore.
The market cap of CIL dipped by Rs 3,916.15 crore to Rs 2,03,734.33 crore and ONGC lost Rs 3,251.09 crore to Rs 2,19,619.43 crore.
Similar was the case with SBI which saw an erosion of Rs 2,872.23 crore to Rs 1,94,612.82 crore and Infosys too suffered a loss of Rs 1,125.5 crore to Rs 2,38,445.83 crore.
On the other hand, TCS added Rs 5,891.58 crore to Rs 4,78,262.27 crore in its m-cap.
In terms of ranking, TCS stood at number one position followed by RIL, HDFC Bank, ITC, Infosys, HDFC, ONGC, CIL, SBI and HUL.
Over the past week, the BSE benchmark Sensex ended at 27,865.96, a heavy loss of 802.26 points or 2.80 per cent.