TCS, Five Other Companies Lose Rs 91,800 Crore In Market Valuation
New Delhi: Combined market valuation of six of the 10 most valued Indian firms fell sharply by Rs 91,800.9 crore during the week from November 7 to November 11, with IT major Tata Consultancy Services (TCS) taking the biggest hit.
While TCS, Reliance Industries Ltd (RIL), ITC, Infosys, HDFC and Hindustan Unilever Ltd (HUL) suffered losses in their market valuation for the week, HDFC Bank, Oil and Natural Gas Corporation (ONGC), State Bank of India (SBI) and Coal India Ltd (CIL) made gains.
The market valuation of TCS nosedived by Rs 44,344.48 crore to Rs 4,14,784.93 crore.
The market capitalisation or M-Cap of HDFC dived by Rs 17,344.55 crore to Rs 2,01,402.74 crore while that that of Infosys tumbled by Rs 11,243.55 crore to Rs 2,11,743.84 crore.
The valuation of HUL plunged by Rs 10,063.88 crore to Rs 1,73,336.76 crore while that of ITC tanked by Rs 7,390.19 crore to Rs 2,94,395.81 crore.
RIL lost Rs 1,414.25 crore in its market value, taking its M-Cap to Rs 3,24,791.58 crore.
On the other hand, SBI emerged as the biggest gainer as its M-Cap surged by Rs 23,327.15 crore to Rs 2,11,846.19 crore.
HDFC Bank's valuation zoomed by Rs 8,157.66 crore to Rs 3,25,210.41 crore.
The M-Cap of CIL moved up by Rs 5,432.07 crore to Rs 2,04,713.37 crore while that of ONGC jumped by Rs 3,165.53 crore to Rs 2,33,864.32 crore.
In the ranking of top 10 firms, TCS continued to remain at the top position, followed by HDFC Bank, RIL, ITC, ONGC, SBI, Infosys, CIL, HDFC and HUL.
HDFC Bank surpassed RIL to become the second most valued firm after TCS.
On a weekly basis, the BSE Sensex has fallen by 455.33 points to 26,818.82.
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