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| Top 10 cos lost Rs 2,600 cr last week |
| BS Reporter / Mumbai May 17, 2009, 11:36 IST |
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The country's 10 most valued firms lost over Rs 2,600 crore in their market capitalisation last week, with state-run oil firm Oil and Natural Gas Corporation being the biggest loser in the coveted list.
During the last week, ONGC's market-cap came down by Rs 14,961 crore, taking its total valuation to Rs 1,73,879 crore at the end of the week. The firm's shares fell nearly eight per cent on the Bombay Stock Exchange till the end of Friday's trade. The oil behemoth had a market valuation of Rs 1,88,841 crore in the previous week.
The 10 most valued firms lost Rs 2,646 crore in their valuation past week, taking the total market-cap of the elite club to Rs 1,286,511 crore at the end of trade on Friday.
Last week, valuation of the club, comprising four private and six public sector entities, was at Rs 1,289,157 crore.
Corporate behemoth Reliance Industries has maintained its position as the most valued company in th elite list and added Rs 8,066 crore to its market-cap, taking its valuation to Rs 3,06,616 crore. The valuation of the Mukesh Ambani-led firm was at Rs 2,98,550 crore a week ago.
However, amid mixed broader market, six firms - ONGC, SBI, NTPC, NMDC, MMTC and ITC - lost a combined Rs 20,172 crore in the week.
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