Amid a massive sell-off in the stock market last week, the combined market valuation of nine of the top-10 companies dropped sharply by Rs 1,00,921.74 crore, with Sun Pharma and Infosys taking the biggest hit.
Barring TCS, rest nine companies suffered losses in their market capitalisation (m-cap), including RIL, ITC, ONGC, HDFC Bank, CIL, SBI and HDFC.
The m-cap of Sun Pharma tanked Rs 21,534.24 crore to Rs 2,28,046.45 crore and that of Infosys plunged Rs 21,327.13 crore to Rs 2,29,263.79 crore.
Shares of Infosys had on Friday tumbled 6 per cent after the company’s fourth quarter earnings missed the market expectations.
RIL’s valuation tumbled Rs 15,354.6 crore to Rs 2,84,569.83 crore, ONGC suffered a loss of Rs 12,063.24 crore to Rs 2,70,182.38 crore and that of SBI dipped Rs 11,651.96 crore to Rs 2,08,562.52 crore.
The market value of HDFC dropped Rs 9,093.84 crore to Rs 1,96,009.72 crore and that of ITC slipped Rs 3,687.14 crore to Rs 2,78,258.76 crore.
CIL’s market cap fell by Rs 3,126.6 crore to Rs 2,37,590.05 crore and HDFC Bank lost Rs 3,082.99 crore to Rs 2,52,303.82 crore.
On the other hand, TCS added Rs 4,054.57 crore to Rs 4,89,074.79 crore.
In the ranking of top-10 firms, TCS stood at number one place, followed by RIL, ITC, ONGC, HDFC Bank, CIL, Infosys, Sun Pharma, SBI and HDFC.
Over the past week, the BSE benchmark Sensex fell by 1,004.16 points to 27,437.94.