M-cap of 5 market bluechips plunged over Rs 24K cr
Mumbai: The combined market capitalization (m-cap) of five of the top-10 Stock market companies slipped by Rs 24,310 crore last week, with market leader RIL taking the biggest hit.
Bucking the trend, ONGC, Coal India, Infosys, ITC and HDFC Bank saw gains in their market cap.
M-cap of Reliance Industries Ltd, country's most valued company, dropped by Rs 12,965 crore to Rs 2,53,319 crore last week. The company's share price fell by nearly 5 percent.
On Friday, RIL lost its position as the Indian stock market's most influential company to IT major Infosys after a gap of nearly three months.
At the end of trade, Infosys was the top-weight Sensex stock with a weightage of 9.63 percent, as against RIL's 9.61 percent.
IT bellwether TCS saw an erosion of Rs 2,848 crore from its m-cap which was at Rs 2,36,109 crore on Friday, while power utility NTPC lost Rs 3,215 crore from its valuation which reached Rs 1,43,141 crore.
Country's biggest lender SBI's m-cap dipped by Rs 1,807 crore to Rs 1,41,115 crore, while Bharti Airtel shed Rs 3,475 crore from its m-cap which stood at Rs 1,28,698 crore.
In contrast, state-owned ONGC's m-cap advanced by Rs 1,712 crore to Rs 2,41,992 crore, while CIL added Rs 2,116 crore to its m-cap at Rs 2,11,503 crore.
Infosys saw marginal gain of Rs 26 crore in its value, which stood at Rs 1,64,218 crore, while ITC added Rs 2,645 crore taking its m-cap to Rs 1,62,588 crore. HDFC Bank's worth climbed Rs 836 crore to Rs 1,22,537 crore.
The BSE 30-scrip barometer Sensex fell 0.75 percent to end the week at 17,503.24.