Led by Sun Pharma, three of the top ten most valued Indian companies together saw erosion of a cumulative Rs. 32,447.1 crore from their market capitalisation during the week from November 2 to November 6.
The rest seven companies saw rise in their valuation, taking their cumulative addition to Rs. 27,302.16 crore.
However, their cumulative gain was less than the total loss suffered by the three companies – Sun Pharma, HDFC Ltd and HDFC Bank.
Sun Pharma saw its market valuation slump by Rs. 20,526.9 crore to Rs. 1,93,405.29 crore, taking the steepest hit among the top ten.
The market cap of HDFC tumbled by Rs. 8,101.38 crore to Rs. 1,90,244.37 crore while that of HDFC Bank plunged by Rs. 3,818.82 crore to Rs. 2,72,439.57 crore.
In stark contrast, Coal India Ltd added Rs. 13,738.09 crore to its market value, takings its M-Cap to Rs. 2,15,798.59 crore.
State Bank of India’s M-Cap surged by Rs. 4,696.48 crore to Rs. 1,88,829.55 crore while ONGC saw a rise of Rs. 3,464.98 crore, taking its market valuation to Rs. 2,15,512.80 crore.
The valuation of ITC climbed by Rs. 1,766.34 crore to Rs. 2,70,491.78 crore while that of Tata Consultancy Services (TCS) soared by Rs. 1,665.01 crore to Rs. 4,93,739.98 crore.
Similarly, Reliance Industries’ M-Cap advanced by Rs. 1,511.87 crore to Rs. 3,08,504.14 crore.
Infosys added Rs. 459.39 crore to its market value during the period, taking its M-Cap to Rs. 2,61,403.79 crore.
The ranking of top 10 firms was yet again led by TCS, followed by RIL, HDFC Bank, ITC, Infosys, CIL, ONGC, Sun Pharma, HDFC and SBI.