ONGC, 6 others lose Rs 72,452 crore market value

TCS, RIL, HDFC Bank, ONGC, Infosys, SBI suffered losses in their M-Cap for the week

GN Bureau | November 7, 2016


#TCS   #RIL   #HDFC Bank   #ONGC   #Infosys   #SBI   #CIL  

 State-run oil and gas explorer Oil and Natural Gas Corporation (ONGC) emerged as the worst hit, as market valuation of seven of the 10 most valued Indian companies plummeted by Rs 72,452.27 crore, during the week that ended on November 4.

 
The market valuation of ONGC plunged by Rs 17,367.65 crore to Rs 2,30,698.79 crore, according to a news report published in NDTV profit.
 
While Tata Consultancy Services (TCS), Reliance Industries Ltd (RIL), HDFC Bank, ONGC, Infosys, Coal India Ltd (CIL) and State Bank of India (SBI) suffered losses in their market capitalisation or M-Cap for the week, ITC, HDFC and Hindustan Unilever Ltd (HUL), on the other hand, witnessed gains.
 
SBI's market capitalisation dropped by Rs 11,644.17 crore to Rs 1,88,519.04 crore. The market valuation of CIL decreased by Rs 6,632.18 crore to Rs 1,99,281.30 crore.
 

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