TCS, Infosys, 4 others lose Rs 25,501 crore in market value in a week

As the benchmark index Sensex lost over 54 points last week, six of the top-10 most valued companies saw a combined erosion of Rs 25,501 crore in their market capitalisation.

ONGC, Infosys and TCS emerged as the biggest losers during the period.

The market capitalisation (m-cap) of ONGC slumped by Rs 12,576 crore to Rs 2,63,509 crore, making it  the top loser.

Infosys' market value plunged by Rs 5,481 crore to Rs 1,89,153 crore, while that of TCS decreased by Rs 3,056 crore to Rs 4,16,337 crore.

The market valuation of HDFC declined by Rs 2,291 crore to Rs 1,31,364 crore, while that of ICICI Bank fell by Rs 1,813 crore to Rs 1,38,328 crore.

The m-cap of Coal India Ltd (CIL) dropped by Rs 284 crore to Rs 1,66,373 crore.

On the other hand, ITC added Rs 7,708 crore in its value, taking its m-cap to to Rs 2,83,432 crore, while Wipro added Rs 5,205 crore. After this surge, the market value of Wipro was at Rs 1,40,106 crore.

RIL's valuation rose by Rs 711 crore to Rs 2,87,089 crore and HDFC Bank added Rs 48 crore, taking its market capitalisation to Rs 1,75,460 crore.

TCS remained at top with highest m-cap, followed by Reliance Industries Ltd (RIL), ITC, ONGC, Infosys, HDFC Bank, CIL, Wipro, ICICI Bank and HDFC.

The BSE 30-share benchmark index Sensex ended the week 54.48 points lower at 21,755.32.