6 of 10 most valued cos lose Rs 520 bn in m-cap, TCS takes Rs 400 bn hit

The combined market valuation of 6 of the top-10 most valued companies declined by over Rs 520 billion 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 400.08 billion to Rs 5,408.81 billion.

The m-cap of RIL dropped Rs 73.16 billion to Rs 5,704.35 billion and that of Oil & Natural Gas Corporation (ONGC) plunged Rs 2,887.48 billion to Rs 2276.61 billion.

HDFC's valuation dipped Rs 989.2 crore to Rs 2,998.93 billion and that of State Bank of India (SBI) fell by Rs 4.74 billion to Rs 2,180.45 billion.

The m-cap of Hindustan Unilever Ltd (HUL) went down by Rs 324.67 billion to Rs 2,811.90 billion.

On the other hand, Infosys' valuation jumped Rs 19.87 billion to Rs 2,560.87 billion.

ITC added Rs 15.77 billion to Rs 3,17,9.76 billion and HDFC Bank Rs 11.15 billion to Rs 4,817.91 billion.

Maruti's valuation went up by Rs 7.8238 billion to Rs 2,625.18 billion.

Over the last week, the BSE benchmark Sensex fell by 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.