Top-10 Sensex cos lose Rs 54,189 cr in market valuation
New Delhi: Amid a weak stock market, the combined market valuation of top-10 Sensex companies has seen an erosion of Rs 54,189 crore during last week, with IT major TCS being the worst hit.
The market capitalisation (m-cap) of TCS slumped by Rs 11,811.13 crore to Rs 4,92,042.26 crore.
Sun Pharmaceutical’s market valuation dipped Rs 8,374.15 crore to Rs 1,95,817.83 crore and that of ONGC declined by Rs 6,801.62 crore to Rs 2,57,049.70 crore.
The m-cap of ITC plunged Rs 6,332.26 crore to Rs 2,37,980.78 crore, CIL lost Rs 5,779.47 crore to Rs 2,50,412.27 crore and RIL saw an erosion of Rs 5,438.68 crore to Rs 2,87,767.90 crore.
Infosys’ valuation fell by Rs 4,071.34 crore to Rs 2,27,012.78 crore and that of SBI went down by Rs 2,912.99 crore to Rs 1,92,143.85 crore.
The market cap of HDFC slipped Rs 1,701.31 crore to Rs 1,87,532.18 crore.
Similarly, HDFC’s valuation dropped Rs 965.96 crore to Rs 2,52,954.05 crore.
TCS retained its numero-uno slot in the domestic market capitalisation chart followed by RIL, ONGC, HDFC Bank, CIL, ITC, Infosys, Sun Pharma, SBI and HDFC.
Over the past week, the benchmark BSE Sensex fell by 343.19 points to 26,425.30.
In straight three weeks, the index has crashed by 1,532.20 points or 5.48 per cent.