Market valuations of top 5 cos slump by Rs 47,445 cr

The combined market valuation of top five Sensex companies plummeted by Rs 47,445.38 crore last week in line with an overall weak broader market.

While RIL, HDFC Bank, ITC, CIL and ONGC saw erosion in their market capitalisation, TCS, Infosys, HDFC, Sun Pharma and HUL emerged as the gainers in the domestic m-cap chart.

Over the past week, the BSE benchmark Sensex fell by 593.68 points, or 2.31%, to 25,044.43.

Meanwhile, the market valuation of CIL tumbled Rs 17,306.84 crore to Rs 1,94,322.95 crore, taking the biggest hit among the top 10 firms.

 

ITC's m-cap plunged by Rs 11,807.7 crore to Rs 2,57,761.30 crore and that of ONGC was down by Rs 10,352.15 crore at Rs 1,84,370.81 crore.

Similarly, RIL lost Rs 4,358.2 crore to Rs 3,08,453.89 crore and HDFC Bank took a hit of Rs 3,620.49 crore at Rs 2,63,867.25 crore in m-cap.

In stark contrast, TCS' valuation surged Rs 11,251.14 crore to Rs 4,70,390.41 crore and that of HUL climbed Rs 1,211.98 crore to Rs 1,77,642.98 crore.

Infosys added Rs 1,045.11 crore to its valuation of Rs 2,41,718.97 crore and Sun Pharma Rs 479.11 crore to its m-cap of Rs 1,82,432.78 crore.

The m-cap of HDFC went up by Rs 442.22 crore to Rs 1,85,390.65 crore.

In terms of ranking, TCS took the top slot followed by RIL, HDFC Bank, ITC, Infosys, CIL, HDFC, ONGC, Sun Pharma and HUL.