Nine of top 10 most valued firms lose Rs 1,05,357 cr in m-cap
The combined market valuation of nine of the top 10 most valued Indian companies plummeted by Rs 1,05,357 crore last week, with RIL and SBI emerging as the worst hit.
Last week, the Sensex and Nifty plunged 1,111.82 points, or 3.43 per cent, and 355.60 points, or 3.53 per cent, respectively.
The m-cap of Reliance Industries Ltd (RIL) plunged Rs 24,671.41 crore to Rs 5,02,922.78 crore.
SBI's valuation tumbled Rs 21,407.49 crore to Rs 2,42,258.49 crore and that of ITC tanked Rs 10,882.6 crore to Rs 3,30,560.46 crore.
The m-cap of HDFC Bank dived Rs 10,274.83 crore to Rs 4,50,997.65 crore and that of Maruti Suzuki India slumped Rs 9,843.28 crore to Rs 2,25,135.74 crore.
The valuation of Hindustan Unilever Ltd (HUL) dropped by Rs 8,452.24 crore to Rs 2,49,530.29 crore and ONGC lost Rs 8,149.1 crore to Rs 2,05,588.43 crore.
The market cap of HDFC slipped Rs 6,172.46 crore to Rs 2,69,860.07 crore and that of Tata Consultancy Services (TCS) declined by Rs 5,503.57 crore to Rs 4,77,423.33 crore.
Infosys, however, added Rs 551.27 crore to Rs 2,26,880.71 crore in its m-cap.
In the ranking of top-10 firms, RIL stood at number one position followed by TCS, HDFC Bank, ITC, HDFC, HUL, State Bank of India (SBI), Infosys, Maruti and ONGC.Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd