Top-10 firms lose Rs 215 cr in a week

Country's top 10 companies managed to get away with just Rs 215 crore losses, even as the entire market saw an erosion of as much as Rs 41,000 crore in a week.

Mukesh Ambani-led Reliance Industries maintained its last week's gains adding Rs 2,880 crore to its market capitalisation, floating well above the Rs 2 trillion mark.

The company at the end of the Friday's trade had a market valuation of Rs 2,11,440 crore as against Rs 2,08,560 crore in the previous week.

Meanwhile, state-owned NTPC emerged as the biggest loser during last week, witnessing an erosion of Rs 7,586 crore from its market valuation.

NTPC shares slid nearly five per cent to settle at Rs 180.30 on Friday on the Bombay Stock Exchange.

Besides, the combined market valuation of all the listed companies dropped by Rs 41,124 crore to Rs 29,58,401 crore.

Last week, the total market capitalisation had been as much as Rs 29,99,525 crore.

Further, state-run ONGC pooled in the biggest amount in the top 10 club by adding 4,887 crore to its market valuation, but the firm remained at the third place in the top 10 rankings.

During the week, the ONGC stock gained as much as 4.53 per cent to end the trade on Friday at Rs 681.05.

Of the top ten club, five companies added a combined Rs 13,604 crore to the market-cap, while rest five lost Rs 13,819 crore.

At the end of the week, the top 10 elite club had lost Rs 215 crore in the combined market-cap of Rs 10,44,469 crore as against Rs 10,44,684 crore in the previous week.

However, few shuffling in the rankings were seen, with MMTC, even after losing Rs 63 crore, jumped to the sixth position, while country's largest public sector lender SBI slipped to the seventh position after losing Rs 2,149 crore.

Similarly, power equipment maker BHEL added Rs 2,208 crore in its market valuation and notched ninth position while mining giant NMDC dropped to the 10th slot by losing Rs 2,974 crore.

Apart from elite club members, country' private sector lenders ICICI Bank and HDFC Bank witnessed an erosion of Rs 1,041 crore and Rs 1,108 crore, respectively.

ICICI Bank has a market valuation of Rs 45,304 crore and HDFC Bank has a market valuation of Rs 38,217 crore at the end of the Friday's trade.

RIL, the numero-uno in the list of the most valued firm, is followed by NTPC (Rs 1,48,666 crore), ONGC (Rs 1,45,668 crore), Bharti Airtel (Rs 1,22,891 crore), Infosys (Rs 73,710 crore), MMTC (Rs 72,350 crore), SBI (Rs 71,002 crore), ITC (Rs 68,837 crore), BHEL (Rs 66,846 crore) and NMDC (Rs 63,059 crore).