Five of the top-10 Sensex companies lost a combined Rs. 23,656 crore in market capitalisation last week, with the biggest erosion in FMCG major ITC’s value, after the benchmark index retreated from a record high.
While the market value of ONGC, ITC, Coal India, HDFC Bank and ICICI Bank declined, TCS, Reliance Industries, Infosys, State Bank of India and HDFC gained.
With an erosion of Rs. 11,055 crore, ITC’s market-cap declined to Rs. 2,74,464 crore.
HDFC Bank’s value slipped Rs. 4,594 crore to Rs. 1,74,123 crore, while ICICI Bank lost Rs. 3,277 crore to Rs. 1,42,084 crore.
The market-cap of Coal India fell Rs. 2,463 crore to Rs. 1,78,121 crore, while ONGC’s value dropped by Rs. 2,267 crore to Rs. 2,78,566 crore.
Reliance soared by Rs. 9,712 crore to Rs. 3,05,156 crore in m-cap, the biggest gainer.
TCS added Rs. 6,660 crore in value to Rs. 4,19,079 crore and the m-cap of HDFC gained Rs. 3,410 crore to Rs. 1,39,682 crore.
The market valuation of Infosys rose by Rs. 3,317 crore to Rs. 1,90,388 crore and SBI saw its m-cap climb Rs. 150 crore to Rs. 1,42,166 crore.
In the ranking of top-10 firms, TCS was in the numero-uno position, followed by Reliance, ONGC, ITC, Infosys, Coal India, HDFC Bank, State Bank, ICICI Bank and HDFC.
The Sensex ended the week with a gain of 19.53 points to 22,359.50, wiping out gains after reaching an all-time high of 22,620.65 on April 3.