Eight blue-chip cos lose Rs 1.11 lakh cr in market valuation

Tags: Stock Market
Eight blue-chip Sensex companies saw a cumulative erosion of a whopping Rs 1,11,994 crore from their market capitalisation, with energy majors ONGC and RIL taking the steepest hit.

While TCS, CIL, HDFC Bank, SBI, ICICI Bank and HDFC logged losses in their market capitalisation (M-Cap), ITC and Infosys made gains.

The market valuation of ONGC plunged Rs 22,201.5 crore to Rs 3,38,754.63 crore, becoming the top loser among the top-10 firms.

RIL's m-cap tumbled Rs 20,996.48 crore to Rs 3,12,603.49 crore, while that of SBI tanked Rs 20,717.4 crore to Rs 1,80,786.41 crore.

The valuation of CIL dropped Rs 19,959.71 crore to Rs 2,28,936.63 crore, ICICI Bank (Rs 12,347.48 crore to Rs 1,56,713.46 crore) and HDFC Bank (Rs 10,545.57 crore to Rs 1,95,637.50 crore).

HDFC's market cap fell by Rs 2,915.1 crore to Rs 1,55,244.90 crore and TCS lost Rs 2,311.3 crore to Rs 4,69,702.97 crore.

On the other hand, the m-cap of ITC surged Rs 10,260.37 crore to Rs 2,75,401.06 crore and Infosys gained Rs 4,975.75 crore to Rs 1,90,979.46 crore.

The list of top-10 companies was topped by TCS, followed by ONGC, RIL, ITC, CIL, HDFC Bank, Infosys, SBI, ICICI Bank and HDFC.

In the past week, the BSE barometer Sensex has slumped 937.71 points, or 3.61%.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

EDITORIAL OF THE DAY

  • India would have done well not to supress the 'Bofors interview'

    Bofors is one case that refuses to go away two-and-half decades after it grabbed public attention and became a byword for political corruption, claimi

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

Varun Dutt

THE BLAME GAME

In decision-making, the fundamental attribution error (FAE), also known as ...

Zehra Naqvi

Dignity of labour is dignity of life

M Rafi Khan, a retired police IG, used to ...

Gautam Gupta

Retailers have it tough, thanks to e-commerce

For the past few months our focus has been on ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture