Nine top-valued Sensex companies see Rs. 93,000 crore m-cap erosion Monday August 24,2015

Nine out of the top ten most valued Sensex companies saw their combined valuation erode by a staggering Rs. 93,000 crore last week, amid steep market fluctuation on account of weak global cues.

After seeing a bloodbath on Monday August 24,2015 when Sensex recorded the biggest single-day fall, the 30-share benchmark Sensex managed to recover the lost ground during the week even as volatility persisted.

Among the top 10 firms in terms of market capitalisation, state-run Coal India was the lone gainer. The miner saw its valuation jump by Rs. 5,495.23 crore to Rs. 2,25,746.86 crore in the week ended August 28.

The remaining nine bluechip firms, including Reliance Industries and ONGC, witnessed an erosion of Rs. 93,003.47 crore in their combined market capitalisation

• TCS’ valuation plunged by Rs. 20,458.91 crore to Rs. 5,03,520.41 crore.
• Reliance Industries slumped by Rs. 11,689.71 crore to Rs. 2,82,107.36 crore
• State Bank of India plummeted by Rs. 13,732.69 crore to Rs. 1,88,587.97 crore.
• Sun Pharma fell by Rs. 12,826.31 crore to Rs. 2,12,957.58 crore 
•  ONGC declined by Rs. 10,608.81 crore to Rs. 2,08,368.96 crore. 
• Infosys dropped by Rs. 9,164.81 crore to Rs. 2,55,121.64 crore.
• HDFC Bank declined by Rs. 8,320.91 crore to Rs. 2,58,362.90 crore
• HDFC slipped by Rs. 4,398.1 crore to Rs. 1,89,268.16 crore
• ITC decline by Rs. 1,803.22 crore to Rs. 2,62,807.03 crore.