Mumbai, July 12: The country’s top 10 firms saw their total market capitalisation being wiped out by over Rs 1,73,000 crore last week, and Mukesh Ambani-led Reliance Industries Ltd lost the most.
RIL lost Rs 38,935 crore in market valuation, with its market cap dipping below Rs three-trillion mark to Rs 2,79,897 crore during the week ended July 10, 2009, as against Rs 3,18,832 crore in the previous week.
Shares of the company on Friday ended 12.21 per cent lower at the BSE to close at Rs 1,778.40. The total market cap of the top 10 firms, comprising four private and six state-run companies, fell Rs 1,73,462 crore at Rs 14,31,433 crore last week as against Rs 16,04,896 crore the previous week.
State-run firms Oil and Natural Gas Corporation Limited (ONGC) and National Thermal Power Corporation (NTPC) together lost Rs 40,872 crore in market cap.
The total market valuation of ONGC stood at Rs 2,10,967 crore and NTPC at Rs 1,59,344 crore on Friday.
Telecom services provider Bharti Airtel lost Rs 6,635 crore in market cap but moved up one place to fourth position on the top ten list. Minerals and Metals Trading Corporation of India slipped to fifth position from fourth after losing Rs 21,181 crore.
—Agencies