Reliance Industries, 4 Other Firms Take Rs 21,458 Crore Hit In Market Value

New Delhi: Five of the top ten most valued domestic companies saw a combined erosion of Rs 21,458.26 crore in their market valuation during the week that ended on May 20, with Reliance Industries Ltd (RIL) taking the biggest hit.

While RIL, Infosys, Sun Pharma, Coal India Ltd (CIL) and Hindustan Unilever Ltd (HUL) suffered losses in their market capitalisation (M-Cap) for the week, Tata Consultancy Services (TCS), HDFC Bank, ITC, HDFC and Oil & Natural Gas Corporation (ONGC), on the other hand, emerged winners with a cumulative gain of Rs 20,100.16 crore.

The M-Cap of RIL tumbled by Rs 14,229.24 crore to Rs 3,02,768.44 crore.

The market valuation of HUL declined by Rs 3,992.46 crore to Rs 1,75,852.34 crore while that of CIL fell by Rs 1,389.6 crore to Rs 1,76,416.06 crore.

The M-Cap of Infosys dipped by Rs 1,136.99 crore to Rs 2,76,035.32 crore while that of Sun Pharma went down by Rs 709.97 crore to Rs 1,90,622.21 crore.

On the other hand, the valuation of ITC surged by Rs 8,570.27 crore to Rs 2,65,517.59 crore while that of ONGC jumped by Rs 7,528.83 crore to Rs 1,82,189.16 crore.

HDFC added Rs 2,258.71 crore to Rs 1,86,475.97 crore in its M-Cap. 

The market capitalisation of TCS rose by Rs 1,704.42 crore to Rs 4,98,922.21 crore.

HDFC Bank saw a mild gain of Rs 37.93 crore to Rs 2,88,408.55 crore in its valuation.

In the ranking of top ten firms, TCS continued to remain at the top, followed by RIL, HDFC Bank, Infosys, ITC, Sun Pharma, HDFC, ONGC, CIL and HUL.

On a weekly basis, both the indices - Sensex and Nifty - fell 187.67 points (0.73 per cent) and 65.20 points (0.83 per cent), respectively.