Dragged down by state-run ONGC, seven of the top 10 most valued Indian companies together lost Rs. 67,233 crore in terms of market capitalisation last week.
Barring TCS, HDFC Bank and Infosys in the top 10 club, the rest seven, including the likes of RIL, ITC and Coal India, witnessed declines in their market valuation for the week ended Friday (June 13).
Energy major ONGC’s M-cap plunged Rs. 35,548.06 crore to Rs. 3,61,426.68 crore, taking the steepest hit in the domestic market capitalisation (m-cap) chart.
The market value of RIL (Reliance Industries) declined by Rs. 12,251.99 crore to Rs. 3,49,763.54 crore, while State Bank of India’s m-cap dipped Rs. 9,391.89 crore to Rs. 1,94,583.08 crore.
ICICI Bank’s m-cap tumbled Rs. 6,034.38 crore to Rs. 1,65,257.66 crore, while that of ITC fell by Rs. 2,584.78 crore to Rs. 2,65,397.72 crore.
Similarly, CIL’s value went down by Rs. 1,200.11 crore to Rs. 2,45,769.74 crore and Larsen & Toubro lost Rs. 222.76 crore to Rs. 1,56,388.79 crore.
In contrast, the m-cap of TCS surged Rs. 25,590.79 crore to Rs. 4,33,799.49 crore, Infosys added Rs. 10,442.48 crore to Rs. 1,82,701.85 crore and HDFC Bank’s value rose by Rs. 4,959.85 crore to Rs. 2,01,175.06 crore.
In the list of top-10 companies, TCS held the no. 1 rank, followed by ONGC, RIL, ITC, CIL (Coal India), HDFC Bank, SBI, Infosys, ICICI and Larsen & Toubro.
Over the week, the BSE benchmark Sensex lost 168.29 points to settle at 25,228.17.