Top seven companies lose Rs 48,763 crore in m-cap

The shared market survey of seven of the top-10 most valued Sensex firms fallen by Rs 48,762.5 crore previous weeks, with IT bellwether TCS taking the steepest strike. While TCS, HDFC Bank, CIL, Sun Pharma, ONGC, HDFC and HUL bear sufferers in their market capitalization (m-cap), RIL, Infosys and ITC appeared as pickers. 

Software main TCS, which reported a lesser than likely 14.2 Per cent development in net revenue for the Oct-Dec quarter on Tuesday , witnessed an erosion of Rs 26,354.48 crore from its m-cap, which stood at Rs 4,46,006.36 crore.

The market survey of ONGC fallen by Rs 8,298.82 crore to Rs 1, 87,835.79 crore and that of HDFC Bank dropped by Rs 4,785.04 crore to Rs 2, 63,328.64 crore.  Mortgage lender HDFC's m-cap fallen by Rs 4,159.95 crore to Rs 1, 81,372.05 crore while that of CIL fallen by Rs 1,800.16 crore to Rs2, 00,986.72 crore. 

Similarly, the survey of Sun Pharma went fall by Rs 1,708.69 crore to Rs 1,89,135.18 crore and that of HUL chop by Rs 1,655.36 crore to Rs 1,74,007.67 crore. In stark difference, the m-cap of Infosys rushed by Rs 17,812.81 crore to Rs 2,61,897.63 crore and that of RIL hoped by Rs 15,904.53 crore to Rs 3,47,615.95 crore. 

Infosys on January 14 reported a better-than-expected 6.6% increase in its Q3 net revenue and increased its yearly profits increase predicts. Meanwhile, ITC added Rs 321.46 crore in its market capitalization to take it to Rs 2, 52,151.15 crore. The pecking order of the top-10 list demonstrated that TCS stood at number one position despite taking a big strike in m-cap, tracked by RIL, HDFC Bank, Infosys, ITC, CIL, Sun Pharma, ONGC, HDFC and HUL. 

On a weekly basis, the benchmark BSE Sensex chop by 479.29 points, or 1.92%, to 24,455.04, its weakest closing since May 30, 2014, while the broader NSE Nifty gone 163.55 points, or 2.15%, to 7,437.80.