Seven of top 10 companies' market capitalisation takes Rs 44,928 crore dent; SBI worst-hit

Seven of the 10 most valued companies took a combined hit of Rs 44,928 crore in their market valuation last week, with SBI reporting maximum losses, even as the benchmark Sensex lost 1.69 per cent. 

SBI, ONGC, HDFC, HUL, Infosys, CIL and ITC witnessed a decline in their market capitalisation totaling Rs 44,927.73 crore, while TCS, HDFC Bank and RIL raked up gains, during the week ended December 23, Rs 3,257.36 crore. 

Market valuation of HDFC tanked by Rs 7,155.85 crore to Rs 1,94,181.92 crore, while HUL valuation plunged Rs 5,704.93 crore to Rs 1,71,183.31 crore, and Infosys by Rs 3,421.97 crore to Rs 2,27,236.74 crore. 

CIL saw an erosion of Rs 3,202.04 crore in its market-capitalisation, following which it stood at Rs 1,78,835.46 crore, while ITC dipped by Rs 2,121.24 crore to stand at Rs 2,72,443.77 crore. 

The market capitalisation of SBI was hit the most as it fell by Rs 12,032.91 crore to Rs 1,93,487.22 crore, while the market valuation of ONGC plummeted by Rs 11,288.79 crore to Rs 2,47,557.66 crore. 

Market valuation of HDFC tanked by Rs 7,155.85 crore to Rs 1,94,181.92 crore, while HUL valuation plunged Rs 5,704.93 crore to Rs 1,71,183.31 crore, and Infosys by Rs 3,421.97 crore to Rs 2,27,236.74 crore.