Eight of the 10 most valued Indian

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

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

4,95,300.50 crore.

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

4,65,907.51 crore.

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.)