M-cap of top 7 Sensex cos down by over Rs 90k cr

Top seven Sensex companies saw a cumulative loss of Rs 90,452.18 crore in their market capitalisation (m-cap) last week, with energy majors ONGC and RIL taking the steepest hit.

The seven companies whose market valuation eroded in the week ended Friday (May 30) include RIL, ONGC, ITC, CIL, SBI, Infosys and ICICI Bank.

On the other hand, TCS, HDFC Bank and new entrant in the top 10 list Larsen & Toubro made gains.

The m-cap of ONGC dropped Rs 25,024.81 crore to Rs 3,23,611.41 crore, while RIL suffered a loss of Rs 20,266.28 crore to Rs 3,44,284.41 crore.

CIL's market valuation plunged Rs 16,675.21 crore to Rs 2,34,431.86 crore, while that of SBI tumbled Rs 15,928.14 crore to Rs 1,89,771.41 crore.

The m-cap of Infosys tanked Rs 7,177.95 crore to Rs 1,68,911.57 crore, while ICICI Bank shed Rs 4,862.84 crore to Rs 1,63,927.06 crore.

ITC's market-cap fell by Rs 516.95 crore to Rs 2,71,601.20 crore.

In contrast, TCS added Rs 3,290.66 crore to Rs 4,19,990.45 crore in its valuation.

Similarly, L&T's value rose by Rs 3,534.38 crore to Rs 1,43,646.38 crore and that of HDFC Bank jumped Rs 1,426.14 crore to Rs 1,90,987.90 crore.

In the ranking of top-10 firms, TCS was at number one position, followed by RIL, ONGC, ITC, CIL, HDFC Bank, SBI, Infosys, ICICI Bank and L&T.

On a weekly basis, the Sensex fell 476 points to 24,217.34.

EDITORIAL OF THE DAY

  • Protocols need to be quickly put in place for the success of Digital India

    The government has kicked off Digital India initiative in style. Companies too have queued up in large numbers with bagfuls of money.

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

Simon J Evenett

Will Germany be able to deliver?

The BRICS aren’t the only countries whose stature has grown ...

Rajgopal Nidamboor

Up the ante of your conscious existence

It sounds cryptic, but is not as complex as it ...

Gautam Gupta

The ‘fake’ issue needs to be taken seriously

E-commerce players are witnessing unbelievable growth globally. Competition is increasing ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture