Top nine cos take Rs 47,139.45 cr hit in market valuation

HDFC worst hit with Rs 9,177 cr erosion; Sun Pharma only firm to have come out a gainer

The combined market valuation of top nine Sensex plunged by Rs 47,139.45 crore last week amid an overall weakness in the broader market.

Over the past week, the BSE benchmark index Sensex lost 490.09 points or 1.87 per cent to end at 25,638.11.

Barring Sun Pharma, the other nine companies have witnessed erosion in their market capitalisation (m-cap), including TCS, RIL, ITC, HDFC Bank, SBI and HDFC.

HDFC was the worst hit as its m-cap tanked by Rs 9,176.8 crore to Rs 1,84,948.43 crore, the most among the top-10 firms.

The market valuation of SBI tumbled Rs 6,675.99 crore to Rs 1,87,044.11 crore, ITC took a hit of Rs 6,583.12 crore to Rs 2,69,569 crore and ONGC saw a dip of Rs 6,544.95 crore to Rs 1,94,722.96 crore.

TCS's m-cap dropped by Rs 4,433.46 crore to Rs 4,59,139.27 crore and HDFC Bank lost Rs 4,409.88 crore to Rs 2,67,487.74 crore.

The valuation of RIL declined by Rs 4,307.94 crore to Rs 3,12,812.09 crore and that of Infosys slipped by Rs 4,249.35 crore to Rs 2,40,673.86 crore.

Similarly, CIL took a hit of Rs 757.96 crore to Rs 2,11,629.79 crore in m-cap.

In contrast, Sun Pharma added Rs 3,889.42 crore to Rs 1,81,953.67 crore in its valuation.

TCS yet again emerged as the most valued Indian firm, followed by RIL, ITC, HDFC Bank, Infosys, CIL, ONGC, SBI, HDFC and Sun Pharma.