Top-9 companies lose 65,884 cr in market value

Top-9 companies lose 65,884 cr in market value

Mumbai: The combined market capitalisation (m-cap) of the country’s nine most valued firms got eroded by 65,884 crore last week, with corporate bellwether RIL bearing the maximum loss.

Software major Infosys, however, saw rise in its m-cap, which moved up 536 crore to 1,55,387 crore.

TCS lost 744 crore from its market value which was at 2,29,327 crore, while ONGC’s m-cap slipped by 5,432 crore to 2,23,897 crore.

The market worth of Coal India Ltd (CIL) declined by 11,212 crore to 2,00,007 crore; ITC shed 7,120 crore at 1,53,413 crore and NTPC valuation diminished by 4,988 crore to 1,36,998 crore.

Further, Bharti Airtel’s value fell 11,943 crore to 1,36,217 crore; SBI lost 1,432 crore at 1,18,360 crore and HDFC Bank’s worth went down by 4,898 crore at 1,03,976 crore.

In a weak market that saw the BSE 30-share benchmark Sensex fall by nearly 4 per cent during the week, RIL remained the most-valued company in the country followed by TCS.

ONGC was at the third spot, followed by CIL, Infosys, ITC, NTPC, Bharti, SBI and HDFC Bank.