Top four companies take Rs 19k cr hit in market valuation

TCS, HDFC Bank, Infosys and ONGC saw a squeeze in their market capitalisation in holiday-shortened last week

Four of the top 10 most valued Indian companies took a combined hit of Rs 19,173.4 crore in their market valuation last week, with TCS bringing up the maximum loss.

While TCS, HDFC Bank, Infosys and ONGC saw a squeeze in their market capitalisation (m-cap) in holiday-shortened last week, RIL, HDFC, HUL, CIL and Sun Pharma racked up gains.

The comparable figure for the fourth-ranked ITC was, however, not available due to adjustment related to bonus issue of shares.

The market valuation of TCS plummeted by Rs 15,034.4 crore to Rs 4,77,927.3 crore.

Infosys' m-cap took a hit of Rs 3,066.4 crore at Rs 2,66,158.5 crore and ONGC lost Rs 641.7 crore to Rs 1,91,300.7 crore.

The m-cap of HDFC Bank fell Rs 430.9 crore to Rs 2,97,158.8 crore.

In stark contrast, HDFC added Rs 6,051.3 crore at Rs 2,02,960.7 crore.

HUL's m-cap firmed up Rs 4,782.9 crore to Rs 1,99,153.9 crore and Sun Pharma added Rs 3,501.7 crore at Rs 1,87,373.2 crore.

The valuation of RIL climbed Rs 2,091.4 crore to Rs 3,17,792 crore and that of CIL went up by Rs 979 crore to Rs 1,96,849.5 crore.

In the ranking of top 10 firms, TCS led the pack followed by RIL, HDFC Bank, ITC, Infosys, HDFC, HUL, CIL, ONGC and Sun Pharma.

Over the past week, the BSE Sensex fell 18 points to end at 27,126.90.