New Delhi: The combined market valuation of top seven companies declined by Rs 45,962.77 crore in the week that ended on June 10, with IT majors Infosys and Tata Consultancy Services (TCS) taking the maximum hit.
Barring Reliance Industries Ltd (RIL), Oil and Natural Gas Corporation (ONGC) and Sun Pharma, the rest seven companies suffered losses in their market capitalisation or M-Cap during the week.
The M-Cap of Infosys dived by Rs 19,673.33 crore to Rs 2,71,223.23 crore.
Tata Consultancy Services’ valuation slumped by Rs 13,773.29 crore to Rs 5,04,616.74 crore.
The M-Cap of HDFC plunged by Rs 3,903.59 crore to Rs 1,94,515.62 crore while that of HDFC Bank dipped by Rs 2,759.6 crore to Rs 2,93,985.80 crore.
ITC’s valuation tanked by Rs 2,454.4 crore to Rs 2,82,899.56 crore.
The market valuation of HUL went down by Rs 2,261.61 crore to Rs 1,89,250.39 crore, while that of CIL declined by Rs 1,136.95 crore to Rs 1,94,007.13 crore.
On the other hand, RIL added Rs 5,739.13 crore to its M-Cap, taking its market capitalisation to Rs 3,16,349.11 crore. The market value of ONGC rose by Rs 5,261.62 crore to Rs 1,86,552.46 crore.
Sun Pharma’s valuation also moved up by Rs 806.25 crore to Rs 1,78,480.44 crore.
In the ranking of top ten firms, TCS yet again emerged as the number one company in terms of overall valuation, followed by RIL, HDFC Bank, ITC, Infosys, HDFC, CIL, HUL, ONGC and Sun Pharma.
For the week, the BSE 30-share Sensex fell by 207.28 points to close at 26,635.75.