Market value of 7 blue-chip companies declines Rs 47,050 crore

Tags: News
The combined market valuation of seven of the top-10 Sensex companies tumbled Rs 47,050 crore, with Reliance Industries and HDFC Bank taking the biggest hit in the worst week for the benchmark index in six months.

ONGC, Infosys and Coal India also lost value last week, while the market capitalisation (m-cap) of ITC, Wipro and Bharti Airtel increased.

Reliance Industries plunged Rs 11,669 crore to a m-cap of Rs 2,68,502 crore and HDFC Bank's value dipped Rs 10,679 crore to Rs 1,50,704 crore.

ONGC's worth declined by Rs 6,631 crore to Rs 2,35,703 crore.

The m-cap of Coal India dropped Rs 6,569 crore to Rs 1,56,330 crore, while mortgage lender HDFC took a hit of Rs 5,738 crore to Rs 1,25,999 crore.

The m-cap of Infosys declined by Rs 3,423 crore to Rs 2,12,435 crore and the value of TCS slipped Rs 2,341 crore to Rs 4,38,010 crore.

Bharti Airtel's value rose by Rs 740 crore to Rs 1,25,978 crore and ITC added Rs 714 crore to Rs 2,58,135 crore. Wipro's m-cap moved up by Rs 433 crore to Rs 1,41,763 crore.

TCS continued to rule the domestic market capitalisation chart, followed by Reliance, ITC, ONGC, Infosys, Coal India, HDFC Bank, Wipro, HDFC and Bharti Airtel.

Last week, the benchmark BSE Sensex lost 619.71 points, or 2.93 per cent, to settle at 20,513.85 on Friday.

EDITORIAL OF THE DAY

  • Realtors must lower the ratio of capital value to rental income to entice buyers

    Real estate prices are likely to witness a correction in the coming festival season, according to a report put out in this newspaper on Monday, with p

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

BK Chaturvedi

Undermining demographic dividend

Development and economic growth of nations is built upon the ...

Kuruvilla Pandikattu

Imperfection makes you more human

For all those who live in fear of making a ...

Shona Adhikari

Artistic focus on women's empowerment

The focus on the girl child remains an important one ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture