The combined market valuation of seven of the top-10 most valued Indian companies plummeted by Rs 76,002.67 crore last week in tandem with an overall weak stock market.
Barring ITC, Infosys and Sun Pharma, the remaining seven companies witnessed erosion of their market capitalisation (m-cap).
Over the past week, the BSE Sensex fell sharply by 701.24 points to 27,366.07.
The market valuation of
Coal India’s valuation dipped by Rs 18,159.54 crore to Rs 2,20,251.63 crore, while that of ONGC declined by Rs 12,491.02 crore to Rs 2,18,977.77 crore.
HDFC took a hit of Rs 11,231.72 crore to Rs 1,93,666.26 crore.
Similarly, HDFC Bank ’s valuation plunged Rs 10,344.57 crore to Rs 2,66,683.81 crore, TCS (Rs 3,633.44 crore to Rs 5,23,979.32 crore) and SBI (Rs 794.45 crore to Rs 2,02,320.66 crore).
In stark contrast, the m-cap of Sun Pharma surged Rs 9,469.33 crore to Rs 2,25,783.89 crore.
ITC added Rs 9,264.17 crore to Rs 2,64,610.25 crore and Infosys saw a gain of Rs 367.51 crore to Rs 2,64,286.45 crore in market capitalisation.
The domestic market cap chart was yet again topped by TCS followed by RIL, HDFC Bank, ITC, Infosys, Sun Pharma, CIL, ONGC, SBI and HDFC.