Led by software giant TCS and FMCG major ITC, eight blue-chip companies lost a whopping Rs 49,102 crore in their total market valuation in a weak stock market last week.
Barring energy majors ONGC and RIL, the rest of the top eight Sensex companies saw losses in their market value with the BSE benchmark index Sensex falling by 2 per cent last week.
The market cap (m-cap) of TCS slumped by Rs 14,052 crore to Rs 2,93,583 crore, emerging as the biggest loser. Shares of the IT major tanked 4.56 per cent last week.
ITC’s m-cap plunged by Rs 13,568 crore to Rs 2,30,298 crore, while mortgage lender HDFC saw its valuation plummeting by Rs 8,251 crore to Rs 1,18,913 crore.
The market cap of NTPC dropped by Rs 8,163 crore to Rs 1,16,137 crore, HDFC Bank’s by Rs 2,058 crore to Rs 1,47,713 crore and Infosys’ by Rs 1,496 crore to Rs 1,64,452 crore.
SBI’s value slipped by Rs 1,103 crore to Rs 1,37,987 crore, while Coal India’s by Rs 411 crore to Rs 1,94,859 crore.
In contrast, ONGC added Rs 2,224 crore to its m-cap of Rs 2,68,770 crore while RIL’s valuation jumped Rs 2,167 crore to Rs 2,52,499 crore last week.
In the ranking of top-10 companies, TCS continued to rule the domestic market capitalisation chart, followed by ONGC, RIL, ITC and CIL in that order.