Mumbai, September 27: As many as six out of the top-10 most valued companies lost over Rs 19,000 crore from their market capitalisation last week.
However, state-run companies ONGC, NTPC, SBI and private outsourcing firm TCS together added Rs 15,623 crore in their market cap for the week ended September 26.
The country’s most valued firm, Reliance Industries saw the highest erosion in value losing Rs 7,924.44 crore from its market cap, taking the total loss to Rs 3,35,202.83 crore at the end of the week.
Mukesh Ambani Group company RIL’s market cap stood at Rs 3,43,127.27 crore for the week ended September 19.
Further, the market cap of trading major MMTC declined by Rs 5,854 crore to Rs 1,68,851.25 crore. While, power firm NTPC climbed to the third slot from fourth after adding Rs 2,803.45 crore, taking its total market valuation to Rs 1,75,257.25 crore.
Meanwhile, State-run oil firm ONGC’s market cap swelled by Rs 1,411.66 crore to Rs 2,47,531.43 crore. At the same time, private telecom services provider Bharti Airtel saw its market valuation erode by Rs 645.46 crore to Rs 1,57,322.07 crore.
Markets witnessed four day trade last week as Monday was a holiday.
The country’s largest iron ore producer, NMDC’s market valuation shrunk by Rs 2,160.76 crore to Rs 1,41,401.03 crore.
Public sector lender SBI climbed to the seventh position after adding Rs 8,247.1 crore to its market cap, while IT bellwether Infosys Technologies slipped to the eight slot after losing Rs 1,418.33 crore from its market valuation.
The total market cap of SBI stood at Rs 1,35,810.36 crore and Infosys at Rs 1,28,669.16 crore.
Top outsourcing firm, TCS added Rs 3,160.88 crore to its market valuation, while power equipment-maker BHEL lost Rs 1,089.18 crore from its market cap.
The total market cap of TCS stood at Rs 1,14,897.43 crore and BHEL end the week with a total market valuation of Rs 1,09,926.61 crore.
Apart from top-10 coveted firms, private sector lender ICICI Bank lost Rs 405.26 crore from its market cap, while HDFC Bank added Rs 4,064.47 crore to its market valuation.
At the end of week, total market cap of ICICI Bank stood at Rs 93,378.11 crore and HDFC Bank at Rs 68,675.43 crore.
In the club of top-10 firms, RIL is followed by ONGC (Rs 2,47,531.43 crore), NTPC (Rs 1,75,257.25 crore), MMTC (Rs 1,68,851.25 crore), Bharti Airtel (Rs 1,57,322.07 crore), NMDC (Rs 1,41,401.03 crore), SBI (Rs 1,35,810.36 crore), Infosys (Rs 1,28,669.16 crore), TCS (Rs 1,14,897.43 crore) and BHEL (Rs 1,09,926.61 crore), in that order.
–Agencies