The combined market valuation of 6 of the top-10 most valued companies declined by over Rs 52,000 crore last week, with IT major TCS taking the steepest hit. Reliance Industries Ltd (RIL), TCS, HDFC, HUL, ONGC and SBI saw losses in their market valuation for the week ended Friday. HDFC Bank, ITC, Maruti Suzuki India and Infosys however made gains. TCS' market capitalisation (m-cap) slumped by Rs 40,008.61 crore to Rs 5,40,881.96 crore. The m-cap of RIL dropped Rs 7,316.53 crore to Rs 5,70,435.32 crore and that of Oil & Natural Gas Corporation (ONGC) plunged Rs 2,887.48 crore to Rs 2,27,661.59 crore. HDFC's valuation dipped Rs 989.2 crore to Rs 2,99,893.64 crore and that of State Bank of India (SBI) fell by Rs 474.76 crore to Rs 2,18,045.68 crore. The m-cap of Hindustan Unilever Ltd (HUL) went down by Rs 324.67 crore to Rs 2,81,190.10 crore. On the other hand, Infosys' valuation jumped Rs 1,987.55 crore to Rs 2,56,087.40 crore. ITC added Rs 1,577.79 crore to Rs 3,17,976.53 crore
HDFC Bank's valuation dropped Rs 249.3567 billion to Rs 4802.06 billion
In the rankings of top-10 firms, TCS stood at number one followed by RIL, HDFC Bank, ITC, HDFC, HUL, Maruti, State Bank of India, Infosys, and ONGC
Sensex recorded a rise of 919.19 points, or 2.65% while Nifty gained 213.45 points, or 1.99%, in the past week
Maruti's market capitalisation plunged Rs 89.81 bn to Rs 2,849.84 bn
Others on the gainers' list were ITC, Maruti Suzuki, HDFC, Infosys, and ONGC
India's largest IT services firm TCS and HDFC Bank were the only losers among 10 most valued firms on BSE last week
Among the top 10 firms, RIL was the worst hit as its m-cap slumped by Rs 25,110.60 cr to Rs 5,76,213.96 cr
At $2.26 trillion, its stock market is bigger than those of Canada and Switzerland, just behind Germany and France
Meanwhile, HDFC, Maruti Suzuki India, Infosys and SBI suffered losses in the holiday-shortened week that ended on Wednesday
RIL and HDFC Bank emerge as the biggest gainers
Infy shares ended sharply lower by nearly 10% on Friday after Vishal Sikka resigned as its CEO & MD
ONGC's valuation advanced by Rs 192.5 crore to Rs 2,11,363.38 cr
The combined gain by these companies was less than the total loss suffered
RIL's valuation zoomed by Rs 34,790.41 cr to Rs 3,83,619.01 cr
The m-cap of ITCplummeted by Rs 18,293.73 crore to Rs 2,76,102.08 crore and that of HDFC Bank tanked Rs 16,340.82 crore to Rs 3,08,869.59 crore
ONGC's valuation plunged Rs 17,367.65 crore to Rs 2,30,698.79 crore
ONGC's m-cap stood at Rs 2,29,030.47 crore, registering a surge of Rs 9,411.04 crore by the week's end on Oct 7
The market valuation of TCS plummeted the most by Rs 31,723 cr to Rs 4,63,543 cr
Among the gainers, RIL added Rs 4,167.19 crore to Rs 3,33,278.01 crore in its valuation