Top-6 cos lose Rs 9,791 cr in market value

Mumbai: A lacklustre stock market saw the combined market capitalisation (m-cap) of six of the country's top-10 firms getting eroded by Rs 9,791 crore last week.

Blue-chips that saw dip in their market value include Coal India Ltd (CIL), Infosys, NTPC, Bharti Airtel, SBI and HDFC Bank.

Defying the trend, corporate bellwether RIL, IT giant TCS, state-owned ONGC and FMCG honcho ITC saw rise in their market wealth among the BSE top-10 during the period.

However, CIL lost Rs 852 crore from its m-cap which was at Rs 1,89,554 crore on Friday, while Infosys saw its value drop by Rs 1,283 crore to Rs 1,54,739 crore.

Power utility NTPC's market-cap slipped by Rs 2,103 crore to Rs 1,30,690 crore, Bharti shed Rs 2,221 crore to Rs 1,25,489 crore, SBI's wealth diminished by Rs 2,038 crore to Rs 1,04,670 crore and HDFC Bank m-cap dipped by Rs 1,294 crore to Rs 1,02,293 crore.

Meanwhile, RIL's valuation advanced Rs 7,679 crore to Rs 2,44,421 crore, TCS added Rs 2,505 crore to its m-cap which stood at Rs 2,26,313 crore in the last trading session.

ONGC saw its market wealth swell by Rs 9,796 crore to Rs 2,23,768 crore and ITC added Rs 6,543 crore taking its valuation to Rs 1,58,826 crore.

During the week that saw the BSE barometer index Sensex gain 247.35 points, RIL remained the most valued company, followed by TCS.

ONGC was at the third spot, followed by CIL, ITC, Infosys, NTPC, Bharti, SBI and HDFC Bank.

Posted in: Business