Eight of the 10 most valued Indian
companies saw a combined erosion of Rs 82,653.59 crore in
market valuation last week, with Reliance Industries Ltd (RIL)
taking the steepest hit.
Except for Oil and Natural Gas Corporation (ONGC) and
Infosys, the rest eight companies, including Tata Consultancy
Services (TCS), HDFC Bank, ITC and HDFC, suffered losses in
their market capitalisation (m-cap) for the week ended Friday.
RIL's market valuation plummeted Rs 22,385.57 crore to Rs
The m-cap of Hindustan Unilever Ltd (HUL) tumbled Rs
13,939.14 crore to Rs 2,54,358.70 crore and that of TCS slid
Rs 12,509.87 crore to Rs 4,66,511.89 crore.
ITC's valuation slumped Rs 12,094.05 crore to Rs
3,14,642.67 crore and that of State Bank of India (SBI) tanked
Rs 7,035.12 crore to Rs 2,19,038.28 crore.
The market cap of Housing Development Finance Corporation
(HDFC) was down by Rs 6,546.22 crore at Rs 2,77,658.14 crore
and that of HDFC Bank declined by Rs 5,080.53 crore to Rs
Maruti Suzuki India also suffered a loss of Rs 3,063.09
crore at Rs 2,40,852.96 crore.
In contrast, ONGC's valuation surged Rs 7,956.61 crore to
Rs 2,18,999.16 crore and that of Infosys rose by Rs 162.28
crore to Rs 2,06,441.84 crore.
In the m-cap ranking of top-10 firms, RIL stood at number
one spot, followed by TCS, HDFC Bank, ITC, HDFC, HUL, Maruti,
SBI, ONGC and Infosys.
Both the Sensex and the Nifty suffered weekly losses for
the third time this month, down 638.72 points, or 2 per cent,
and 175.80 points, or 1.76 per cent, respectively.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)