TCS and ONGC take the biggest hit
The overall weakness in the equity market dragged down the combined market valuation of top 10 Sensex companies by a whopping Rs 94,560.96 crore last week, with TCS and ONGC taking the biggest hit.
Markets ended in the red for the third consecutive week, where the Sensex slipped below the 26,000-mark to close at 25,610.53, a loss of 654.71 or 2.49 per cent.
The market capitalisation (m-cap) of TCS nosedived by Rs 21,369.29 crore to Rs 4,72,370.69 crore.
ONGC's valuation tumbled Rs 19,763.19 crore to Rs 1,95,749.61 crore and that of Sun Pharma plunged by Rs 14,907.88 crore to Rs 1,78,497.41 crore.
The m-cap of Infosys dropped by Rs 8,636.51 crore to Rs 2,52,767.28 crore and HDFC Bank lost Rs 7,486.54 crore to Rs 2,64,953.03 crore.
RIL also witnessed an erosion of Rs 7,206.91 crore to Rs 3,01,297.23 crore, ITC's valuation tanked by Rs 5,981.49 crore to Rs 2,64,510.29 crore and HDFC lost Rs 4,314.95 crore to Rs 1,85,929.42 crore.
Similarly, CIL took a hit of Rs 2,526.55 crore to Rs 2,13,272.04 crore and SBI saw its m-cap tumble by Rs 2,367.65 crore to Rs 1,86,461.90 crore.
The ranking of top 10 firms remained as: TCS followed by RIL, HDFC Bank, ITC, Infosys, CIL, ONGC, SBI, HDFC and Sun Pharma.
