Nine of top 10 bluechip cos lose Rs 47,932 cr in market cap

The combined market valuation of nine of the top 10 most valued Indian companies diminished by Rs 47,932.59 crore last week, with IT major TCS taking the biggest hit.

Barring HDFC, rest nine companies suffered losses in their market capitalisation (m-cap) for the week ended Friday, including RIL, HDFC Bank and Infosys.

Among the top 10 firms, TCS was the worst hit as its m- cap slumped Rs 11,408.78 crore to Rs 4,87,119.34 crore.

ONGC's valuation plunged Rs 8,213.27 crore to Rs 1,78,210.86 crore, followed by Infosys (Rs 6,753.01 crore to Rs 2,71,372.53 crore), ITC (Rs 6,115.87 crore to Rs 2,55,257.41 crore) and RIL (Rs 4,253.91 crore to Rs 3,14,129.15 crore).

The m-cap of CIL declined by Rs 3,252.93 crore to Rs 1,78,089.89 crore and that of HDFC Bank plummeted by Rs 3,237.42 crore to Rs 2,83,438.61 crore.

HUL lost Rs 2,964.6 crore to Rs 1,84,573 crore and Sun Pharma Rs 1,732.8 crore to Rs 1,93,520.23 crore.

On the other hand, the only gainer in the top-10 list, HDFC, added Rs 12,449.14 crore to its valuation to reach Rs 1,84,462.13 crore.

In the ranking of top-10 firms, TCS stood at the number one spot followed by RIL, HDFC Bank, Infosys, ITC, Sun Pharma, HUL, HDFC, ONGC and CIL.

Markets ended in red for the second straight week due to all-round selling pressure. The Sensex ended the week at 25,228.50, showing a loss of 1.48 per cent.