M-cap of 7 of top-10 most valued cos plummet Rs 98,530 cr

The combined market valuation of seven of the top-10 most valued companies slumped Rs 98,530.44 crore last week, with Reliance Industries Ltd (RIL) and ONGC taking the steepest hit.

While RIL, HDFC Bank, ITC, Maruti Suzuki India, SBI, Infosys and ONGC suffered losses in their market capitalisation (m-cap) for the week ended Friday, Tata Consultancy Services (TCS), HDFC and HUL made gains.

RIL's valuation plummeted from Rs 37,256.05 crore to Rs 5,73,682.16 crore.

M-cap of ONGC tanked Rs 20,276.51 crore to Rs 2,46,975.61 crore and that of SBI tumbled Rs 14,027.08 crore to Rs 2,56,285.68 crore.

Maruti's valuation dived Rs 8,364.59 crore to Rs 2,71,881.12 crore and that of ITC dropped Rs 6,690.94 crore to Rs 3,35,678.04 crore.

The market cap of Infosys dipped Rs 6,355.29 crore to Rs 2,49,341.55 crore and that of HDFC Bank fell by Rs 5,559.98 crore to Rs 5,05,141.67 crore.

On the other hand, TCS added Rs 5,991.72 crore to Rs 6,02,837.88 crore in its valuation.

TCS on Monday surpassed RIL to become the country's most valued firm in terms of m-cap.

However, RIL on January 31 regained the status, surging past IT major TCS.

But at the end of the week, TCS once again attained the numero uno status in the m-cap ranking.

The valuation of Hindustan Unilever Ltd (HUL) went up by Rs 324.67 crore to Rs 2,97,117.97 crore and that of HDFC rose by Rs 119.82 crore to Rs 3,04,069.59 crore.

In the rankings of top-10 firms, TCS stood at number one followed by RIL, HDFC Bank, ITC, HDFC, HUL, Maruti, State Bank of India (SBI), Infosys?and ONGC.

Over the last week, the Sensex declined 983.69 points, or 2.72 per cent at 35,066.75.