Eight blue-chips lose Rs 49,000 cr in m-cap last week
Except ONGC, RIL, other top 8 companies saw losses in their market value with the BSE Sensex falling 2% last week
Led by software giant TCS and FMCG major ITC, eight blue-chip companies lost a whopping Rs 49,102 crore in their total market valuation in a weak stock market last week.
Barring energy majors ONGC and RIL, rest top eight Sensex companies saw losses in their market value with the BSE benchmark index Sensex falling by 2% last week.
The market cap (m-cap) of TCS slumped by Rs 14,052 crore to Rs 2,93,583 crore, emerging as the biggest loser. Shares of the IT major tanked 4.56% last week.
ITC’s m-cap plunged by Rs 13,568 crore to Rs 2,30,298 crore, while mortgage lender HDFC saw its valuation plummeting by Rs 8,251 crore to Rs 1,18,913 crore.
The market cap of NTPC dropped by Rs 8,163 crore to Rs 1,16,137 crore, HDFC Bank’s by Rs 2,058 crore to Rs 1,47,713 crore and Infosys’ by Rs 1,496 crore to Rs 1,64,452 crore.
Source: Business Standard
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