New Delhi: Heavy selloff during the week to February 12 took a toll on India's top 10 most valued companies as it shaved off over Rs 1.83 lakh crore from their combined market valuation.
Tata Consultancy Services (TCS) took the hardest hit among the top ten, as its market capitalisation, or M-Cap, went down by Rs 39,280.48 crore to Rs 4,38,715.78 crore.
The valuation of Oil & Natural Gas Corp (ONGC) nosedived by Rs 22,586.5 crore to Rs 1,65,591.51 crore while that of Reliance Industries Ltd (RIL) tumbled by Rs 21,381.64 crore to Rs 2,93,608.78 crore.
Infosys' M-Cap plunged by Rs 21,005.56 crore to Rs 2,48,873.95 crore HDFC Bank took a hit of Rs 20,979.21 crore, taking its market value to Rs 2,45,877.27 crore.
ITC saw an erosion of Rs 19,010.48 crore in its market value to Rs 2,41,348.71 crore.
The market value of HDFC went down by Rs 15,778.54 crore to Rs 1,71,095.38 crore while that of Coal India Ltd (CIL) lowered by Rs 14,338.15 crore to Rs 1,91,701.66 crore.
Similarly, Hindustan Unilever Ltd (HUL) lost Rs 7,357.17 crore in market value, which went down to Rs 1,75,479.10 crore.
Sun Pharma's market capitalisation fell by Rs 2,033.58 crore to Rs 2,04,164.44 crore.
In terms of market value, TCS topped the chart, followed by RIL, Infosys, HDFC Bank, ITC, Sun Pharma, CIL, HUL, HDFC and ONGC.
During the week, the markets saw massive selling, with both the key indices recording their biggest weekly fall since July 2009 - Sensex fell 1,631 points, or 6.62 per cent, and Nifty lost 508.15 points, or 6.78 per cent.
Sinking to its lowest level in 21 months, the Sensex on Thursday crashed 807 points to go below the 23,000 mark on concerns over the health of the global economy and mounting bad loans.
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