More than 20% of these companies are unable to service debt
Apart from TCS, companies including HDFC Bank, HUL and ITC made gains in their m-cap
Over the last week, the BSE Sensex gained 0.85 per cent to end at 35,457.16
In the ranking of the top-10 firms, TCS held on to the number one spot, followed by RIL, HDFC Bank, HUL, ITC, HDFC, Infosys, SBI, ICICI Bank and Kotak Mahindra Bank
The m-cap of ITC soared Rs 168.56 billion to Rs 3.53 trillion
RIL's market capitalisation (m-cap) plummeted Rs 1.32 trillion to Rs 6.65 trillion
Although, the benchmark indices have touched new highs last month, the total m-cap remained below the January-levels owing to the weakness in the broader market
Hindustan Unilever Ltd, Maruti Suzuki India and Kotak Mahindra Bank suffered losses in their m-cap for the week
No Indian company made it to the list
Rising bond yields, improved economic outlook and strengthening currency have acted as a tailwind for the US equities
The valuation of ONGC plunged by Rs 11.54 billion to Rs 2.27 trillion
The combined market valuation of 6 of the top-10 most valued companies declined by over Rs 52,000 crore last week, with IT major TCS taking the steepest hit. Reliance Industries Ltd (RIL), TCS, HDFC, HUL, ONGC and SBI saw losses in their market valuation for the week ended Friday. HDFC Bank, ITC, Maruti Suzuki India and Infosys however made gains. TCS' market capitalisation (m-cap) slumped by Rs 40,008.61 crore to Rs 5,40,881.96 crore. The m-cap of RIL dropped Rs 7,316.53 crore to Rs 5,70,435.32 crore and that of Oil & Natural Gas Corporation (ONGC) plunged Rs 2,887.48 crore to Rs 2,27,661.59 crore. HDFC's valuation dipped Rs 989.2 crore to Rs 2,99,893.64 crore and that of State Bank of India (SBI) fell by Rs 474.76 crore to Rs 2,18,045.68 crore. The m-cap of Hindustan Unilever Ltd (HUL) went down by Rs 324.67 crore to Rs 2,81,190.10 crore. On the other hand, Infosys' valuation jumped Rs 1,987.55 crore to Rs 2,56,087.40 crore. ITC added Rs 1,577.79 crore to Rs 3,17,976.53 crore
HDFC Bank's valuation dropped Rs 249.3567 billion to Rs 4802.06 billion
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, Infosys, and ONGC
Sensex recorded a rise of 919.19 points, or 2.65% while Nifty gained 213.45 points, or 1.99%, in the past week
Maruti's market capitalisation plunged Rs 89.81 bn to Rs 2,849.84 bn
Others on the gainers' list were ITC, Maruti Suzuki, HDFC, Infosys, and ONGC
India's largest IT services firm TCS and HDFC Bank were the only losers among 10 most valued firms on BSE last week
Among the top 10 firms, RIL was the worst hit as its m-cap slumped by Rs 25,110.60 cr to Rs 5,76,213.96 cr
At $2.26 trillion, its stock market is bigger than those of Canada and Switzerland, just behind Germany and France