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The combined market valuation of six of the top-10 most valued companies declined by over Rs 52,000 crore last week, with IT major TCS taking the steepest hit.
Reliance Industries Ltd (RIL), TCS, HDFC, HUL, ONGC and SBI saw losses in their market valuation for the week ended Friday. HDFC Bank, ITC, Maruti Suzuki India and Infosys however made gains.
TCS’ market capitalisation (m-cap) slumped by Rs 40,008.61 crore to Rs 5,40,881.96 crore. The m-cap of RIL dropped Rs 7,316.53 crore to Rs 5,70,435.32 crore and that of Oil & Natural Gas Corporation (ONGC) plunged Rs 2,887.48 crore to Rs 2,27,661.59 crore.
HDFC’s valuation dipped Rs 989.2 crore to Rs 2,99,893.64 crore and that of State Bank of India (SBI) fell by Rs 474.76 crore to Rs 2,18,045.68 crore. The m-cap of Hindustan Unilever Ltd (HUL) went down by Rs 324.67 crore to Rs 2,81,190.10 crore.
On the other hand, Infosys’ valuation jumped Rs 1,987.55 crore to Rs 2,56,087.40 crore. ITC added Rs 1,577.79 crore to Rs 3,17,976.53 crore and HDFC Bank Rs 1,115.32 crore to Rs 4,81,791.07 crore. Maruti’s valuation went up by Rs 782.38 crore to Rs 2,62,518.14 crore.
Over last week, the BSE benchmark Sensex fell 131.14 points to end at 33,176. In the ranking of top-10 firms, RIL stood at number one position followed by Tata Consultancy Services (TCS), HDFC Bank, ITC, HDFC, HUL, Maruti, Infosys, ONGC and SBI.
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