The combined market valuation of five of the top-10 most valued Indian companies declined by Rs 38,969 crore last week.
The combined market valuation of five of the top-10 most valued Indian companies declined by Rs 38,969 crore last week, with IT major Tata Consultancy Services (TCS) taking the steepest hit. While TCS, Reliance Industries (RIL), ITC, Sun Pharmaceuticals andHindustan Unilever (HUL) suffered losses in their market capitalisation (m-cap) for the week ended Friday,Infosys, HDFC Bank,Oil and Natural Gas Corporation (ONGC),Coal India Ltd (CIL) and HDFC made gains. The m-cap of TCS tumbled Rs 20,876.69 crore to Rs 4,76,291.84 crore, emerging as the worst hit among the top-10 entities.
RIL's valuation plunged Rs 8,651.8 crore to Rs 3,36,593.97 crore and that of ITC tanked Rs 4,224.79 crore to Rs 2,62,097.53 crore. The m-cap of Sun Pharma declined by Rs 2,791.74 crore to Rs 1,97,382.93 crore and HUL lost Rs 2,423.61 crore to Rs 1,91,356.95 crore. In stark contrast, Infosys saw a spurt of Rs 9,601.23 crore to Rs 2,78,814.63 crore in its valuation.
Coal India Ltd (CIL) added Rs 6,821.68 crore to Rs 1,81,753.39 crore and HDFC, Rs 2,875.31 crore to Rs 1,78,743.11 crore. The m-cap of HDFC Bank went up by Rs 2,793.64 crore to Rs 2,76,153.81 crore and that of Oil and Natural Gas Corporation (ONGC) climbed Rs 2,694.98 crore to Rs 1,84,926.92 crore. In the ranking of top-10 firms, TCS held on the pole position followed by RIL, Infosys, HDFC Bank, ITC, Sun Pharma, HUL, ONGC, CIL and HDFC.
Meanwhile, the Sensex extended its gains for the second straight week, surging 211 points to end at 25,838.14.
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