Business Standard

9 of top-10 blue chips lose Rs 66,415 cr in market cap

Related News

Nine of the top 10 companies in the 30-share BSE Sensex index lost Rs 66,415 crore in combined market capitalisation (m-cap) during the week gone by, with Reliance Industries Ltd the worst-hit.

Among the 10 most-valuable companies in the Sensex, Ltd was the only firm to buck the losing trend to see a rise in its market value. The company's m-cap jumped by Rs 6,632 crore to Rs 1,95,049 crore during the trading week ended November 25.

Even after the sharp loss in market worth, RIL remained the most-valued company in the country at the close of the trading week, while state-run oil and gas exploration firm ONGC held on to second position.

TCS emerged as the third-most valued company, while CIL was at fourth place, followed by ITC, Infosys, Bharti, NTPC, SBI and HDFC Bank, in that order.

RIL saw the maximum erosion in market wealth during the past week. The company witnessed a Rs 17,698 crore dip in its market value, which stood at Rs 2,46,885 crore on Friday.

State-owned ONGC's m-cap also dropped by Rs 6,331 crore to Rs 2,15,470 crore. Software companies TCS and Infosys together lost Rs 12,888 crore in cumulative market valuation.

The m-cap of TCS stood at Rs 2,08,042 crore, while Infosys' was Rs 1,49,327 crore at the end of the trading week.

In addition, ITC saw its m-cap slip by Rs 7,700 crore to Rs 1,49,527 crore, Bharti Airtel's market value was eroded by Rs 8,639 crore to Rs 1,42,369 crore and power utility NTPC's market valuation dropped by Rs 4,824 crore to Rs 1,29,412 crore.

Furthermore, SBI's m-cap skidded by Rs 2,210 crore to Rs 1,07,359 crore and HDFC Bank lost Rs 6,125 crore in market value to Rs 1,00,867 crore.

The BSE benchmark Sensex lost 4.12% during the previous trading week to settle at 15,695.43.

Read more on:   
|
|

Read More

Bank of India shares fall intra-day on freak trade speculation

Shares of Bank of India today fell nearly 8% for a brief period on the National Stock Exchange during afternoon trade on speculation of freak trades, ...

Quick Links

 

Market News

Sensex gains 330 points

The benchmark BSE Sensex on Monday rose for a third consecutive session to close at a one and a half week high of 27,701.79, a rise of 329.95 ...

Russian crisis hits India's guar gum exporters hard

Cutting on imports amid Western sanctions and currency depreciation

Why Russia will not sell its gold to solve the rouble crisis

Contrary to market rumours, Russia has only been adding to its gold reserves over the past two months

At what oil price will shale revolution get derailed?

Saudi Arabia, the world's largest oil producer at 10 million barrels a day (mbd), did not yield to the pressure of cash-strapped Iran, Venezuela ...

Today's picks- 22 December 2014

Nifty, Bank Nifty, Jindal Steel, ITC & Tata Motors

Back to Top