New Delhi: Combined market valuation of seven of the top ten most valued Indian companies plummeted by Rs 76,002.67 crore in the week to August 21, in tandem with an overall weak stock market.
Barring ITC, Infosys and Sun Pharma, the remaining seven companies among the top ten witnessed erosion of their market capitalisation (M-Cap).
Over the past week, the Sensex fell by a sharp 701.24 points to 27,366.07.
The market valuation of Reliance Industries Ltd (RIL) slumped by Rs 19,347.93 crore to Rs 2,93,797.07 crore, taking the maximum hit among the top ten firms.
Coal India's valuation dipped by Rs 18,159.54 crore to Rs 2,20,251.63 crore, while that of Oil & Natural Gas Corp (ONGC) declined by Rs 12,491.02 crore to Rs 2,18,977.77 crore.
HDFC took a hit of Rs 11,231.72 crore in market value, to Rs 1,93,666.26 crore.
Similarly, HDFC Bank's valuation plunged by Rs 10,344.57 crore to Rs 2,66,683.81 crore.
The market valuation of Tata Consultancy Services (TCS), went down Rs 3,633.44 crore to Rs 5,23,979.32 crore while that of State Bank of India (SBI) fell by Rs 794.45 crore to Rs 2,02,320.66 crore.
In a stark contrast, the M-Cap of Sun Pharma surged by Rs 9,469.33 crore to Rs 2,25,783.89 crore.
ITC added Rs 9,264.17 crore to its market capitalisation, taking its M-Cap to Rs 2,64,610.25 crore whereas Infosys saw a gain of Rs 367.51 crore in its market valuation to Rs 2,64,286.45 crore.
The domestic market cap chart was yet again topped by TCS, followed by RIL, HDFC Bank, ITC, Infosys, Sun Pharma, Coal India, ONGC, SBI and HDFC.
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