Top five firms lose Rs 42,519.88 cr in market valuation
New Delhi: The market valuation of top-five Indian companies fell by Rs 42,519.88 crore last week, with IT major TCS taking the biggest hit.
While TCS, ITC, CIL, HDFC Bank and Sun Pharma saw losses in their valuation, ONGC, RIL, Infosys, SBI and ICICI Bank made gains.
The market capitalisation (m-cap) of TCS plunged by Rs 18,911.52 crore to Rs 5,24,772.61 crore. ITC's m-cap tanked by Rs 8,691.94 crore to Rs 2,81,610.82 crore, while Sun Pharma lost Rs 8,626.15 crore to Rs 1,69,582 crore.
The valuation of CIL fell by Rs 6,000.55 crore to Rs 2,11,313.97 crore and HDFC Bank lost Rs 289.72 crore to Rs 2,09,309.66 crore.
On the other hand, RIL's value moved up by Rs 10,834.71 crore to Rs 3,10,584.25 crore, while that of ICICI Bank rose by Rs 3,673.42 crore to Rs 1,68,967.23 crore.
Infosys saw its m-cap climb Rs 2,397.43 crore to Rs 2,23,317.57 crore, SBI (Rs 2,112.8 crore to Rs 1,83,007.46 crore) and ONGC (Rs 1,582.77 crore to Rs 3,46,069.58 crore).
In the ramking of top-10 firms, TCS was at number one position followed by ONGC, RIL, ITC, Infosys, CIL, HDFC Bank, SBI, Sun Pharma and ICICI Bank.
The BSE 30-share barometer Sensex ended the week at 26,297.38, a net fall of 270.61 points or 1.02 per cent.--PTI