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TCS, 9 Others Lose Rs 54,189 Cr in Market Valuation

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TCS, 9 Others Lose Rs 54,189 Cr in Market Valuation
New Delhi: Amid a weak stock market, the combined market valuation of the top ten Sensex companies has seen an erosion of Rs 54,189 crore in the week to June 12, with IT major Tata Consultancy Services (TCS) being the worst hit.

The market capitalisation or M-Cap of TCS slumped by Rs 11,811.13 crore to Rs 4,92,042.26 crore during the week.

The market valuation of Sun Pharmaceutical dipped by Rs 8,374.15 crore to Rs 1,95,817.83 crore while that of ONGC declined by Rs 6,801.62 crore to Rs 2,57,049.70 crore.

ITC's M-Cap plunged by Rs 6,332.26 crore to Rs 2,37,980.78 crore and CIL lost Rs 5,779.47 crore in its market capitalisation, taking the figure to Rs 2,50,412.27 crore.

RIL saw an erosion of Rs 5,438.68 crore in market capitalisation during the week, taking its M-Cap to Rs 2,87,767.90 crore.

The valuation of Infosys fell by Rs 4,071.34 crore to Rs 2,27,012.78 crore, while that of State Bank of India (SBI) went down by Rs 2,912.99 crore to Rs 1,92,143.85 crore during the week.

The market cap of HDFC slipped by Rs 1,701.31 crore to Rs 1,87,532.18 crore.

Similarly, HDFC's valuation dropped by Rs 965.96 crore to Rs 2,52,954.05 crore.

TCS retained its top position in the domestic market capitalisation chart. TCS was followed by Reliance Industries Ltd (RIL), Oil & Natural Gas Corporation (ONGC), HDFC Bank, Coal India Ltd (CIL), ITC Ltd, Infosys, Sun Pharmaceutical Industries, SBI and HDFC.

Over the past week, the benchmark BSE Sensex fell by 343.19 points to 26,425.30. It has crashed by 1,532.20 points, or 5.48 per cent, in three straight weeks.


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