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Reliance, HDFC, ITC, HDFC Bank, Maruti Suzuki, ONGC Lose Rs. 60,422 Crore in Market Cap Last Week
ONGC\'s valuation fell by Rs. 705.83 crore to Rs. 2,44,858.13 crore.
The combined market valuation of six of the top-10 most valued Indian companies together took a knock of Rs. 60,422.54 crore last week, with RIL being the hardest hit. While Reliance Industries Ltd (RIL), HDFC Ltd, ITC, HDFC Bank, Maruti Suzuki India and ONGC suffered losses in their market capitalisation (m-cap) for the week ended Friday, TCS, HUL, Infosys and State Bank of India (SBI) saw a jump in their valuation. The m-cap of RIL dived Rs. 39,328.34 crore to Rs. 5,59,526.33 crore.
HDFC's valuation plunged Rs. 10,782.84 crore to Rs. 2,72,402.31 crore and that of ITC tanked Rs. 4,935.13 crore to Rs. 3,18,468.37 crore. The market cap of HDFC Bank dropped Rs. 3,116.2 crore to Rs. 4,70,454.76 crore and that of Maruti came down by Rs. 1,554.2 crore to Rs. 2,46,646.86 crore. ONGC's valuation fell by Rs. 705.83 crore to Rs. 2,44,858.13 crore.
In contrast, the m-cap of Tata Consultancy Services (TCS) surged Rs. 17,343.44 crore to Rs. 5,17,489.36 crore. The valuation of Hindustan Unilever Ltd (HUL) soared Rs. 11,395.98 crore to Rs. 2,79,380.07 crore and that of Infosys jumped Rs. 7,799.17 crore to Rs. 2,20,649.17 crore.
SBI added Rs. 7,078.28 crore at Rs. 2,87,619.92 crore in its m-cap. In the ranking of top-10 firms, RIL continued to remain at the pole position followed by TCS, HDFC Bank, ITC, SBI, HUL, HDFC Ltd, Maruti, ONGC and Infosys.
Over the last week, the Sensex recorded a fall of 371 points, or 1.10 per cent, and the NSE Nifty 130.75 points, or 1.25 per cent.
