TCS, Reliance Industries, Six Other Firms Give Up Rs 27,727 Crore In Market Value

New Delhi: Eight of the top ten most valued Indian companies lost a cumulative Rs 27,727.1 crore in market valuation during the week ended June 24, with Reliance Industries Ltd (RIL) and Tata Consultancy Services (TCS) taking the biggest blow.

While TCS, RIL, HDFC Bank, ITC, Coal India Ltd (CIL), HDFC, Hindustan Unilever Ltd (HUL) and ONGC burnt their fingers, Infosys and Sun Pharma broke free and notched up gains.

The market valuation of RIL declined by Rs 7,052.3 crore to Rs 3,08,518.6 crore while that of TCS tumbled by Rs 6,463 crore to Rs 5,06,537.9 crore.

The market capitalisation, or M-Cap, of ITC plunged by Rs 4,949 crore to Rs 2,84,388.3 crore whereas HUL's market value tanked by Rs 4,748.4 crore to Rs 1,85,908.7 crore.

HDFC Bank's valuation slid by Rs 1,886.1 crore to Rs 2,94,125.1 crore.

The market valuation of CIL eroded by Rs 1,073.78 crore to Rs 1,96,849.5 crore.

The M-Cap of ONGC slipped by Rs 898.32 crore to Rs 1,79,280.3 crore while that of HDFC fell by Rs 656.1 crore to Rs 1,93,454.8 crore.

In stark contrast, the market value of Infosys rose by Rs 3,721.1 crore to Rs 2,74,370 crore while that of Sun Pharma increased by Rs 2,635.3 crore to Rs 1,81,404.6 crore.

In the ranking of top ten firms on the domestic market cap chart, TCS continued to remain at the top position, followed by RIL, HDFC Bank, ITC, Infosys, CIL, HDFC, HUL, Sun Pharma and ONGC.

On a weekly basis, the benchmark Sensex fell 228.2 points to end at 26,397.71 on Friday amid heavy selling following global cues.