Six of top-10 firms lose Rs 16,000 cr in m-cap

In a truncated session past week, six out of top-10 valued firms lost a sum of over Rs 16,000 crore from their market valuation, with TCS losing the most.

The valuation of leading outsourcing firm Tata Consultancy Services (TCS) declined by Rs 3,474.03 crore taking its total market capitalisation (m-cap) to Rs 1,58,092.83 for the week ended April 3.

Shares of the company also slipped by 2.15 per cent during the week to close at Rs 807.75 on Thursday on the Bombay Stock Exchange (BSE).

The markets remained shut on the last day of the past week on account of Good Friday, thus, trading for only four sessions.

Meanwhile, four state-run firms -- ONGC, NTPC, SBI and BHEL -- added Rs 10,593.86 crore to their m-cap.

Reliance Industries, continued to be the numero uno firm in terms of its m-cap, in spite of its valuation falling by Rs 1,749.63 crore to Rs 3,57,659.64 crore.

Software exporter TCS was at fourth place and state-owned trading firm MMTC inched up to the fifth place from sixth even with a loss of Rs 845.25 crore.

IT bellwether Infosys Technologies slipped to the sixth place from fifth after losing Rs 6,016.2 crore from its m-cap at the end of the week, with its total market valuation at Rs 1,53,290.27 crore.

The country's telecom giant Bharti Airtel slipped to the tenth spot from the ninth after losing Rs 3,038.01 crore from its m-cap taking its total market valuation to Rs 1,4,742.07 crore.

Mining giant NMDC, which slipped to the ninth place from eighth past week, lost Rs 1,407.47 crore from its m-cap, taking its valuation to Rs 1,16,859.53 crore.

Meanwhile, m-cap gainers like state-run oil firm ONGC and power producer NTPC together added Rs 5,686.89 crore to their market valuation.

ONGC, the second most-valued firm in terms of its m-cap, gained Rs 1,069.43 crore, taking its valuation to Rs 2,32,056.7 crore, while NTPC added Rs 4,617.46 crore taking its market-capitalisation to Rs 1,71,381.89 crore.

The country's largest public sector lender State Bank of India (SBI) also saw its valuation swell by Rs 1,964.96 crore to Rs 1,33,559.71 crore.

Power equipment maker BHEL jumped to the eighth place from tenth after adding Rs 2,942.01 crore to its valuation taking it to Rs 1,18,419.78 crore.

Meanwhile, the benchmark index Sensex gained 47.86 points or 0.27 per cent in the past four trading sessions to settle at 17,692.62 on Thursday on the BSE.