The m-cap of Reliance Industries Ltd (RIL) zoomed Rs 28,494.36 crore to Rs 8,57,303.03 crore
In contrast, the valuation of TCS zoomed Rs 31,538.79 crore to Rs 8,43,367 crore and that of Infosys jumped Rs 11,746.94 crore to Rs 3,44,419 crore
These firms owe Rs 13 trillion to lenders and account for 55% of all non-financial corporate debt
The m-cap of Hindustan Unilever Limited (HUL) zoomed Rs 22,145.92 crore to Rs 3,98,290.92 crore and that of HDFC Bank jumped Rs 18,264.93 crore to Rs 6,23,892.08 crore
In the top-10 list, only Tata Consultancy Services (TCS) and HUL saw gains in their market capitalisation (m-cap) for the week ended Friday
Analysts say there is a possibility of further downgrades
In the ranking of top-10 firms, RIL was placed at the number one position, followed by TCS, HDFC Bank, HDFC, HUL, ITC, SBI, Infosys, Kotak Mahindra Bank and ICICI Bank
The Sensex had hit its all-time high of 40,124.96 during the trade on May 23, the day election results were announced
Market mood was buoyant after the Bharatiya Janata Party won over 300 seats on its own out of 542 seats in the Lok Sabha elections
More than 20% of these companies are unable to service debt
Apart from TCS, companies including HDFC Bank, HUL and ITC made gains in their m-cap
Over the last week, the BSE Sensex gained 0.85 per cent to end at 35,457.16
In the ranking of the top-10 firms, TCS held on to the number one spot, followed by RIL, HDFC Bank, HUL, ITC, HDFC, Infosys, SBI, ICICI Bank and Kotak Mahindra Bank
The m-cap of ITC soared Rs 168.56 billion to Rs 3.53 trillion
RIL's market capitalisation (m-cap) plummeted Rs 1.32 trillion to Rs 6.65 trillion
Although, the benchmark indices have touched new highs last month, the total m-cap remained below the January-levels owing to the weakness in the broader market
Hindustan Unilever Ltd, Maruti Suzuki India and Kotak Mahindra Bank suffered losses in their m-cap for the week
No Indian company made it to the list
Rising bond yields, improved economic outlook and strengthening currency have acted as a tailwind for the US equities
The valuation of ONGC plunged by Rs 11.54 billion to Rs 2.27 trillion