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ITC, ONGC, 3 Others Lose Rs 36,856 Crore in Market Value

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ITC, ONGC, 3 Others Lose Rs 36,856 Crore in Market Value

New Delhi: The combined market valuation of top five Sensex companies tumbled by a whopping Rs 36,855.98 crore in the week that began on February 23, with FMCG major ITC taking the steepest hit.

While ITC, Reliance Industries Ltd (RIL), ONGC, HDFC Bank and State Bank of India (SBI) suffered losses, companies like Tata Consultancy Services (TCS), Infosys, Coal India Ltd (CIL), HDFC and ICICI Bank made gains.

The collective rise in M-Cap made by the five gainers stood at Rs 17,275.46 crore.

The market capitalisation of ITC slumped by Rs 27,728.9 crore to Rs 2,89,092.78 crore - the most among the top ten firms.

Shares in ITC had tanked 8.27 per cent to Rs 361.25 on the BSE on Saturday following the Budget proposal to increase excise duty on cigarettes.

Meanwhile, the market valuation of ONGC fell by Rs 5,389.96 crore to Rs 2,78,010.65 crore while that of RIL tumbled by Rs 2,264.86 crore to Rs 2,80,276.80 crore.

The M-Cap of HDFC Bank fell by Rs 986.98 crore to Rs 2,67,528.62 crore.

SBI lost Rs 485.28 crore to end the week with an M-Cap of Rs 2,25,166.44 crore.

On the other hand, ICICI Bank added Rs 8,465.65 crore in its market value, taking its M-Cap to Rs 2,00,251.65 crore.

Similarly, the value of CIL surged by Rs 7,042.74 crore to Rs 2,48,770.01 crore; Infosys by Rs 1,211.64 crore (to Rs 2,63,557.17 crore); HDFC by Rs 467.28 crore (to Rs 2,10,158.79 crore), and TCS by Rs 88.15 crore to Rs 5,24,018.50 crore.

In the ranking of top ten firms, TCS retained its numero-uno position followed by ITC, RIL, ONGC, HDFC Bank, Infosys, CIL, SBI, HDFC and ICICI Bank.

Over the week, the BSE benchmark Sensex ended with a gain of 130.09 points at 29,361.50.

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