Eight of the top-10 most valued companies of the country saw a plunge of Rs 36,555 crore in their combined market valuation last week,with mortgage lender HDFC and energy major RIL taking the steepest hit.
While eight of them,including HDFC,RIL,ONGC and HDFC Bank,saw losses in their market capitalisation (m-cap),the valuations of TCS and Infosys surged.
The m-cap of HDFC plunged Rs 7,615 crore to Rs 1,29,770 crore,while that of RIL dropped by Rs 6,796 crore to Rs 2,53,926 crore.
State-run ONGC’s valued dipped by Rs 5,946 crore to Rs 2,73,690 crore,while HDFC Bank lost Rs 5,582 crore to Rs 1,61,097 crore from its m-cap.
The market cap of ITC slipped by Rs 4,346 crore to Rs 2,64,197 crore,Coal India shed Rs 3,158 crore from its valuation to Rs 2,02,092 crore.
SBI’s value went down by Rs 1,679 crore to Rs 1,38,390 crore and the m-cap of ICICI Bank fell by Rs 1,433 crore to Rs 1,31,754 crore.
In contrast,TCS added Rs 4,600 crore to Rs 2,98,104 crore in its market cap,while Infosys saw a rise of Rs 2,256 crore to Rs 1,40,509 crore in its value.
In the ranking of top-10 companies,TCS continued to emain at number one position,followed by ONGC,ITC,RIL,CIL,HDFC Bank,Infosys,SBI,ICICI Bank and HDFC.
The BSE benchmark Sensex ended the week 1.67 per cent lower at 19,429.23.