TCS, Six Other Firms Take Hit Of Rs 52,298 Crore In Market Value

New Delhi: Combined market valuation of seven of the top ten most valued Indian companies diminished by Rs 52,297.7 crore during the week ended August 19, with Tata Consultancy Services (TCS) taking the biggest hit.

Only HDFC Bank, ONGC and State Bank of India (SBI) managed to see gain in their market capitalisation (M-Cap) for the week, while TCS, Reliance Industries Ltd (RIL), ITC, Infosys, HDFC, Coal India Ltd (CIL) and Hindustan Unilever Ltd (HUL) suffered losses.

The market capitalisation or M-Cap of TCS plummeted by Rs 25,300.3 crore to Rs 5,13,089.58 crore.

The market valuation of HDFC declined by Rs 1,358.41 crore to Rs 2,16,742.43 crore while that of Infosys slumped by Rs 9,693.11 crore to Rs 2,34,541.02 crore.

The M-Cap of RIL tanked Rs 6,518.33 crore to Rs 3,29,110.82 crore while that of HUL dipped by Rs 4,036.31 crore to Rs 1,97,379.21 crore.

ITC's valuation fell by Rs 3,022.61 crore to Rs 3,03,530.26 crore.

CIL's market capitalisation went down by Rs 2,368.63 crore to Rs 2,11,092.90 crore.

On the other hand, State Bank of India (SBI) added Rs 11,877.79 crore to its market value, taking its M-Cap to Rs 2,00,667.79 crore.

The M-Cap of ONGC surged by Rs 7,571.61 crore to Rs 2,07,000.08 crore while that of HDFC Bank went up by Rs 4,213.83 crore to Rs 3,16,024.40 crore.

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

During the week, both the indices Sensex and Nifty slipped 75.40 points, or 0.26 per cent, and 5.25 points, or 0.06 per cent, respectively.