M-cap of top five cos down by Rs 23,009 cr; ITC biggest loser
Dragged down by ITC and SBI, the combined market capitalisation (m-cap) of top five Sensex companies declined by Rs 23,009 crore last week.
Mumbai: Dragged down by ITC and SBI, the combined market capitalisation (m-cap) of top five Sensex companies declined by Rs 23,009 crore last week.
In an overall sluggish stock market, RIL, ONGC, ITC, SBI and Infosys saw dip in their market capitalisation (m-cap), while on the other hand, TCS, CIL, HDFC Bank, NTPC and ICICI Bank's valuation moved up.
The m-cap of ITC plunged Rs 9,074 crore to Rs 2,24,650 crore. Shares of the FMCG major also dipped by nearly 4 percent.
ITC had on October 19 reported 21.27 percent increase in net profit at Rs 1,836.42 crore for the second quarter ended September 30, 2012.
The market value of SBI declined by Rs 5,600 crore to Rs 1,45,831 crore, while ONGC's m-cap slipped Rs 3,850 crore to Rs 2,34,890 crore.
Besides, Infosys lost Rs 3,126 crore to Rs 1,33,730 crore and RIL's value declined by Rs 1,359 crore to Rs 2,58,518 crore.
On the other hand, TCS added Rs 4,560 crore to its m-cap which was at Rs 2,57,100 crore, while ICICI Bank's value rose by Rs 2,598 crore to Rs 1,24,328 crore.
The m-cap of NTPC moved up by Rs 2,226 crore to Rs 1,39,348 crore, while HDFC Bank added Rs 2,101 crore to Rs 1,50,377 crore and the value of Coal India Ltd surged Rs 758 crore to Rs 2,24,167 crore.
RIL remained at the top position in the list of top 10 companies, followed by TCS, ONGC, ITC, CIL, HDFC Bank, SBI, NTPC, Infosys and ICICI Bank.