Top 9 cos lose Rs 61,485 cr in m-cap, SBI worst hit

Weak stock markets pulled down the combined market capitalisation (m-cap) of the country's nine most-valued firms by Rs 61,485 crore last week, with SBI taking the biggest hit.

Besides, Wipro made it to the top-10 league, pushing out HDFC Bank during the trading week ended December 16.

Software major Infosys was the only stock that saw rise in its m-cap among the top-10 during the period. It climbed to Rs 1,56,022 crore from Rs 1,55,387 crore as on December 9.

Meanwhile, SBI saw its market value plummet by Rs 11,652 crore to Rs 1,06,708 crore as of Friday's close on the BSE.

Reliance Industries saw an erosion of Rs 10,626 crore from its market valuation, which was fell to Rs 2,36,742 crore, while TCS' value dropped to Rs 2,23,808 crore, from Rs 2,29,327 crore as on December 9.

The market-worth of ONGC declined Rs 9,925 crore to Rs 2,13,972 crore; Coal India Ltd (CIL) shed Rs 9,601 crore at Rs 1,90,406 crore; ITC's dropped Rs 1,130 crore to Rs 1,52,283 crore and NTPC took a hit of Rs 4,205 crore at Rs 1,32,793 crore. Further, Bharti Airtel's value fell Rs 8,507 crore to Rs 1,27,710 crore.

The newly ranked Wipro lost Rs 320 crore at Rs 99,013 crore. Wipro secured its position as the country's tenth-most valued company by pushing HDFC Bank to eleventh position in the list. On December 13, the software major, which once occupied the position of the country's most valued company, moved back into the top-10 league.

During the week that saw the BSE 30-share benchmark Sensex shed 722 points, RIL remained the most-valued company in the country followed by TCS.

ONGC was at the third spot, followed by CIL, Infosys, ITC, NTPC, Bharti, SBI and Wipro.