Top 7 companies witness erosion of Rs 32,188 crore in market valuation

The m-cap of HDFC tumbled Rs 8,144 crore to Rs 1,75,607.13 crore, Sun Pharma plummeted Rs 7,328.31 crore to Rs 1,96,420.26 crore

The combined market valuation of top-seven companies dipped by Rs 32,188.32 crore last week, with HDFC and Sun Pharma taking the steepest hit.

While TCS, Infosys, Sun Pharma, HUL, CIL, ONGC and HDFC suffered losses in their market capitalisation (m-cap), RIL, ITC and HDFC Bank made gains.

The m-cap of HDFC tumbled Rs 8,144 crore to Rs 1,75,607.13 crore and that of Sun Pharma plummeted Rs 7,328.31 crore to Rs 1,96,420.26 crore.

CIL's valuation plunged Rs 6,190 crore to Rs 1,81,784.97 crore, while that of ONGC dipped by Rs 4,962.18 crore to Rs 1,78,595.86 crore, followed by TCS, which saw its m-cap falling by Rs 3,802.92 crore to Rs 4,83,818.88 crore.

The market cap of HUL dipped Rs 1,335.87 crore to Rs 1,87,483.50 crore and Infosys lost Rs 424.93 crore to Rs 2,76,988.56 crore.

In contrast, the valuation of ITC surged Rs 9,334.76 crore to Rs 2,70,386.15 crore and HDFC Bank added Rs 4,143.82 crore to Rs 2,69,251.86 crore.

RIL's m-cap climbed Rs 1,420.3 crore to Rs 3,34,941.38 crore.

The ranking of top-10 firms in the domestic market cap chart stood as: TCS, RIL, Infosys, ITC, HDFC Bank, Sun Pharma, HUL, CIL, ONGC and HDFC.

Meanwhile, snapping the consecutive four week gains, the market ended with minor losses as the BSE benchmark Sensex fell 67.92 points in the week to close at 25,269.64, while the NSE Nifty ended on a flat note, slipping by a marginal 3.45 points and managed to hold the crucial 7,700-level.

Photograph: PTI