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Six of top-10 companies lose Rs16,000 cr in m-cap

Six of top-10 companies lose Rs16,000 cr in m-cap
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First Published: Sun, Apr 04 2010. 01 59 PM IST
Updated: Sun, Apr 04 2010. 01 59 PM IST
Mumbai: In a truncated session past week, six out of top-10 valued firms lost a sum of over Rs16,000 crore from their market valuation, with TCS losing the most.
The valuation of leading outsourcing firm TCS declined by Rs3,474.03 crore taking its total market capitalisation (m-cap) to Rs1,58,092.83 for the week ended 3 April.
Shares of the company also slipped by 2.15% during the week to close at Rs807.75 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 Rs10,593.86 crore to their m-cap.
Reliance Industries, continued to be the numero uno firm in terms of its m-cap, inspite of its valuation falling by Rs1,749.63 crore to Rs3,57,659.64 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 Rs845.25 crore.
IT bellwether Infosys Technologies slipped to the sixth place from fifth after losing Rs6,016.2 crore from its m-cap at the end of the week, with its total market valuation at Rs1,53,290.27 crore.
The country’s telecom giant Bharti Airtel slipped to the tenth spot from the ninth after losing Rs3,038.01 crore from its m-cap taking its total market valuation to Rs1,4,742.07 crore.
Mining giant NMDC, which slipped to the ninth place from eighth past week, lost Rs1,407.47 crore from its m-cap, taking its valuation to Rs1,16,859.53 crore.
Meanwhile, m-cap gainers like state-run oil firm ONGC and power producer NTPC together added Rs5,686.89 crore to their market valuation.
ONGC, the second most-valued firm in terms of its m-cap, gained Rs1,069.43 crore, taking its valuation to Rs2,32,056.7 crore, while NTPC added Rs4,617.46 crore taking its market-capitalisation to Rs1,71,381.89 crore.
The country’s largest public sector lender SBI also saw its valuation swell by Rs1,964.96 crore to Rs1,33,559.71 crore.
Power equipment maker BHEL jumped to the eighth place from tenth after adding Rs2,942.01 crore to its valuation taking it to Rs1,18,419.78 crore.
Meanwhile, the benchmark index Sensex gained 47.86 points or 0.27% in the past four trading sessions to settle at 17,692.62 on Thursday on the BSE.
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First Published: Sun, Apr 04 2010. 01 59 PM IST
More Topics: Market capitalization | Sensex | BSE | ONGC | NTPC |