The overall market capitalisation of top ten Sensex companies fell by a massive Rs 84,209 crore last week with Dalal Street succumbing to a steep global sell-off amid worries over a worsening slowdown in China and uncertainty surrounding the maiden US interest rate hike in nine years.
State-run oil and gas major ONGC and RIL took the maximum hit in terms of erosion in their market value last week.
The 30-share Sensex slumped by 4.5 per cent last week, its biggest weekly loss since November 2011, to end at 25,201.9, the lowest level in more than a year, as foreign investors withdrew more than Rs 4,000 crore from Indian equities amidst a global rout.
ONGC witnessed Rs 15,357.1 crore erosion in its market cap to Rs 193,011.86 crore last week while the market value of RIL shrank Rs 11,527.8 crore to Rs 270,579.56 crore. The market value of HDFC plunged Rs 9,229.71 crore to Rs 180,038.45 crore last week.
ITC's market value fell by Rs 8,905.99 crore to Rs 253,901.04 crore while that of Infosys fell by Rs 8,475.72 crore to Rs 246,645.92 crore.
The market cap of HDFC Bank fell by Rs 7,739.77 crore to Rs 250,623.13 crore while that of CIL declined by Rs 6,726.92 crore to Rs 219,019.94 crore.
Meanwhile, the market value of Sun Pharma, HUL and TCS fell last week by Rs 6,352.99 crore, Rs 5,741.39 crore and Rs 4,152.51 crore, respectively.