Stock Market

Top 6 cos lose Rs 26,191 cr in m-cap, Infosys hit hard

Top 6 cos lose Rs 26,191 cr in m-cap, Infosys hit hard

The combined market valuation of six of the top 10 most valued Indian companies took a knock of Rs 26,191.04 crore last week, with Infosys taking the biggest hit.

While TCS , RIL , HDFC Bank , Infosys , SBI and HUL saw erosion of their market capitalisation (m-cap) for the week to Friday, ITC , ONGC , HDFC  and CIL racked up gains.

Infosys’ m-cap nosedived Rs 8,177.13 crore to Rs 2,30,268.70 crore.

The valuation of TCS slumped Rs 6,719.16 crore to Rs 4,71,838.67 crore and that of RIL tanked Rs 4,281.08 crore to Rs 3,40,930.18 crore.

HDFC Bank’s m-cap went down by Rs 4,238.48 crore to Rs 3,19,146.10 crore and HUL’s fell Rs 2,348.24 crore to Rs 1,81,853.18 crore.

The m-cap of SBI tumbled Rs 426.95 crore to Rs 2,00,163.21 crore.

On the other hand, ONGC’s valuation soared Rs 8,512.72 crore to Rs 2,48,066.44 crore, CIL’s Rs 8,021.78 crore to Rs 2,05,913.48 crore and HDFC’s Rs 7,024.94 crore to Rs 2,18,723.53 crore.

The m-cap of ITC rose by Rs 2,567.4 crore to Rs 2,93,063.16 crore.

In the ranking of top 10 firms on the domestic market cap chart, TCS retained its numero uno position, followed by RIL, HDFC Bank, ITC, ONGC, Infosys, HDFC, CIL, SBI and HUL.

Over the past week, the Sensex dropped 135.67 points, or 0.48 per cent, while the Nifty lost 55.05 points, or 0.63 per cent.