TCS, Six Other Companies Lose Rs 29,907 Crore In Market Value

New Delhi: Seven of the top ten most valued Indian companies saw a combined erosion of Rs 29,906.6 crore from their market capitalisation (M-Cap) during the week ended August 26, with Tata Consultancy Services (TCS) taking the biggest hit.

Barring Reliance Industries Ltd (RIL), HDFC Bank and ITC, the remaining seven companies suffered losses in their market capitalisation during the period.

TCS's M-Cap plummeted by Rs 14,738.8 crore to Rs 4,98,350.78 crore.

The market valuation of SBI plunged by Rs 9,160.08 crore to Rs 1,91,507.71 crore while that of ONGC dropped by Rs 2,994.42 crore to Rs 2,04,005.66 crore.

HUL's M-Cap diminished by Rs 2,031.91 crore to Rs 1,95,347.30 crore while that of Coal India Ltd (CIL) fell by Rs 473.73 crore to Rs 2,10,619.17 crore.

The valuation of HDFC went down by Rs 427.27 crore to Rs 2,16,315.16 crore while of Infosys dipped by Rs 80.39 crore to Rs 2,34,460.63 crore.

Among the gainers, RIL added Rs 4,167.19 crore to its market valuation, taking its figure to Rs 3,33,278.01 crore.

The M-Cap of HDFC Bank rose by Rs 3,287.29 crore to Rs 3,19,311.69 crore while that of ITC went up by Rs 3,264.42 crore to Rs 3,06,794.68 crore.

In the ranking of top 10 firms, TCS retained its number one position, followed by RIL, HDFC Bank, ITC, Infosys, HDFC, CIL, ONGC, HUL and SBI.

During the week, the Sensex fell by 294.75 points or 1.04 per cent and the NSE Nifty slipped by 94.35 points or 1.08 per cent. Both the indices posted second straight weekly losses.