5 Of Top 10 Firms Take Rs 26,140 Crore Hit In Market-Cap; TCS Loses Most

New Delhi: The combined market cap of top 5 most valued companies saw an erosion of Rs 26,140 crore as the benchmark Sensex ended with a marginal loss for the whole week, with TCS worst hit.

While TCS, Infosys, ITC, HDFC and SBI saw a decline in their respective market capitalisations, totalling Rs 26,139.92 crore, HUL, ONGC, RIL, HDFC Bank and CIL saw a rally for the week ended December 2, aggregating Rs 17,224.44 crore.

The m-cap of TCS plummeted by Rs 15,168.65 crore to Rs 4,38,197.26 crore while that of Infosys tanked Rs 3,032.41 crore to Rs 2,21,447.99 crore.

ITC's valuation plunged Rs 419.62 crore to Rs 2,76,807.1 crore and that of HDFC by Rs 2,435.2 crore to Rs 1,96,510.72 crore. The nation's largest lender SBI's valuation fell by Rs 5,084.04 crore to Rs 1,97,485.63 crore.

"During the week, banking stocks remain biggest laggard after the central bank introduced an incremental cash reserve ratio, the percentage of cash deposits that banks have to maintain with RBI, of 100 per cent for the fortnight beginning Saturday," Abnish Kumar Sudhanshu, Director and Research Head, Amrapali Aadya Trading and Investments said.

Defying the broader market trend, ONGC added Rs 11,122.43 crore to its market valuation, which further swelled to Rs 2,49,178.94 crore and m-cap of CIL went up by Rs 4,576.47 crore to Rs 1,93,343.78 crore.

The m-cap of HDFC Bank improved by Rs 966.88 crore to Rs 3,04,113.36 crore while valuation of RIL increased by Rs 556.55 crore to Rs 3,22,834.51 crore. HUL's market capitalisation improved marginally to Rs 1,80,286.19 crore.

In terms of ranking of the top 10 firms, TCS retained its numero uno status followed by RIL, HDFC Bank, ITC, ONGC, Infosys, SBI, HDFC, CIL and HUL.

For the week, the Sensex and the Nifty both recorded losses by falling 85.68 points, or 0.32 per cent, and 27.50 points, or 0.33 per cent, respectively.

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