The combined market valuation of
eight of the 10 most valued Indian companies plummeted by
Rs 54,539.2 crore last week, with Reliance Industries Ltd
(RIL) taking the steepest hit.
Barring Tata Consultancy Services (TCS) and HDFC, rest
eight companies including HDFC Bank, ITC and HUL suffered
losses in their market capitalisation (m-cap) for the week
RIL's valuation slumped by Rs 30,897.71 crore to Rs
The m-cap of State Bank of India (SBI) tumbled by Rs
8,761.53 crore to Rs 2,26,073.40 crore while that of HDFC Bank
tanked by Rs 6,272.79 crore to Rs 4,70,988.04 crore.
ONGC's valuation dropped Rs 3,144.15 crore to Rs
2,11,042.55 crore and that of Infosys slipped by Rs 2,422.98
crore to Rs 2,06,279.56 crore.
The market cap of ITC dipped Rs 1,339.83 crore to Rs
3,26,736.72 crore and that of Hindustan Unilever Ltd (HUL)
fell by Rs 1,287.87 crore to Rs 2,68,297.84 crore.
Maruti Suzuki India's valuation also dipped by Rs 412.34
crore to Rs 2,43,916.05 crore.
On the other hand, HDFC gained Rs 2,030.43 crore to Rs
2,84,204.36 crore and TCS Rs 727.43 crore to Rs 4,79,021.76
RIL continued to remain on the top in the domestic m-cap
chart followed by TCS, HDFC Bank, ITC, HDFC, HUL, Maruti, SBI,
ONGC and Infosys.
Over the last week, the BSE benchmark index recorded a
hefty fall of 350.17 points, or 1.08 per cent, the biggest
since August 11. The NSE Nifty, too, ended lower by 121
points, or 1.19 per cent.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)