Dragged down by TCS and Infosys, the combined market capitalisation (m-cap) of top six blue-chip companies slumped by ?41,307 crore last week.
While TCS, RIL, ITC, ONGC, Infosys and Wipro saw erosion in their market valuation, CIL, HDFC Bank, Bharti Airtel and HUL made gains.
M-cap of TCS tanked ?18,187 crore to ?4,19,823 crore, becoming the top loser among the 10 most valued firms on the BSE.
Infosys’ value slumped ?7,623 crore to ?2,04,812 crore, while RIL lost ?5,348 crore to ?2,63,154 crore from its m-cap.
The value of ONGC plummeted by ?5,347 crore to ?2,30,356 crore and Wipro’s m-cap slipped ?3,452 crore to ?1,38,311 crore. Similarly, the market value of ITC declined by ?1,350 crore to ?2,56,785 crore.
In contrast, state-run Coal India added ?13,864 crore to ?1,70,194 crore to its m-cap, while HDFC Bank’s value soared by ?4,553 crore to ?1,55,257 crore.
HUL’s m-cap surged ?1,579 crore to ?1,24,924 crore and that of Bharti Airtel rose ?139 crore to ?1,26,117 crore.
TCS continued to remain at the top in the domestic market cap chart, followed by RIL, ITC, ONGC, Infosys, CIL, HDFC Bank, Wipro, Bharti and HUL.
The BSE 30-stock benchmark index, Sensex, lost 137.29 points to close the week at 20,376.56 on Friday.
The Hindu Business Line