The corresponding number for Wipro is Rs 1.37 lakh crore and Rs 1.01 lakh crore for HCL Tech. Also, at Friday's close, TCS ' current market cap of Rs 4.81 lakh crore is now almost double Infosys' market value of Rs 2.46 lakh crore, BSE data showed. MUMBAI: Thanks to Friday's 8.8% fall in Infosys ' stock price, market capitalization of IT major Tata Consultancy Services (TCS) is now almost equal to the combined market value of the next three large IT services firms -Infosys, Wipro and HCL Technologies. In comparison, TCS lost 3.1% to Rs 2,442, Wipro 2.8% to Rs 555 while HCL Tech lost 1.4% to Rs 717.At the beginning of 2016, TCS was at Rs 4.76 lakh crore, Infosys at Rs 2.53 lakh crore, Wipro at Rs 1.37 lakh crore and HCL Tech at Rs 1.19 lakh crore.In Friday's market, the sell-off in Infosys was the main reason for the 106-point fall in the sensex. Infosys posts 4% drop in Q1 PAT at Rs 3,440 crore; cuts guidance Indian IT major Infosys has announced its first quarter results for the fiscal year 2016-17.

Source: Times of India July 16, 2016 05:15 UTC