Amid a weak stock market,the combined market capitalisation (m-cap) of top-10 Sensex companies declined sharply by Rs 58,797 crore last week,with Coal India Ltd (CIL) taking the biggest hit.
State-run CIL saw the biggest dip of Rs 9,569 crore in its m-cap which was Rs 1,98,618 crore last Friday. Shares of the company also slipped 4.59 per cent to Rs 314.45 during the week.
Energy major RIL saw the second biggest slump in its market value after CIL. The market cap of RIL dropped Rs 9,545 crore to Rs 2,28,334 crore.
IT majors — TCS and Infosys — together shed Rs 16,546 crore from their combined valuations. The m-cap of TCS was Rs 2,41,031 crore,while that of Infosys stood at Rs 1,32,753 crore.
HDFC Bank saw a dip of Rs 5,929 crore to Rs 1,19,865 crore,while NTPC’s market value declined by Rs 5,401 crore to Rs 1,22,321 crore. State-run ONGC lost Rs 4,149 crore to Rs 2,17,865 crore.
Similarly,FMCG major ITC’s value plunged Rs 3,362 crore to Rs 1,82,794 crore,SBI shed Rs 2,303 crore to Rs 1,24,290 crore and Bharti Airtel’s market value diminished Rs 1,993 crore to Rs 1,16,622 crore.
In the list of the top-10 companies,TCS continued to remain the most valued company,followed by RIL. ONGC was at third spot,followed by CIL,ITC,Infosys,SBI,NTPC,HDFC Bank and Bharti Airtel in that order.
Last week,the BSE benchmark Sensex declined 3.19 per cent to end the week at 16,292.98,its biggest weekly loss in 2012.