Mumbai: The country’s top 10 firms saw their total market capitalisation falling by Rs5,168 crore last week, with Oil and Natural Gas Corporation losing the most among the pack.
The total market valuation of the elite club, comprising four private sector and six state-run companies, stood at Rs16,83,045 crore in the week ended 12 June against Rs16,88,213 crore in the previous week.
ONGC’s market cap fell by Rs11,518 crore to Rs2,41,008 crore as shares of the company slipped by 4.56% to close at Rs1,126.80 on the Bombay Stock Exchange on Friday last week.
Among the 10 most valued firms of BSE, five firms - ONGC, Minerals and Metals Trading Corporation, National Mining Development Corporation, State Bank of India and Bharat Heavy Electricals Ltd - witnessed a drop in their respective market caps last week.
Meanwhile, other five firms - Reliance Industries Ltd, National Thermal Power Corporation, Bharti Airtel, Infosys Technologies and Larsen & Toubro - saw their valuations rising last week.
The country’s most-valued firm, RIL, added Rs22,812 crore to its market valuation of Rs3,70,913 crore last week. The company had market valuation of Rs3,48,101 crore in the previous week.
NTPC added Rs1,113 crore to its market cap.
On the other hand, ONGC lost Rs11,518 from its market cap, which stood at Rs2,41,008 crore this week.
NMDC slipped to the sixth position after losing Rs12,528 crore from its amrket cap, while private telecom services provider Bharti Airtel jumped a place to fifth slot by adding Rs1,073 crore to its valuation.
Power equipment supplier Bhel stood seventh as it lost Rs3,500 crore from its market cap, while SBI slipped to the eighth slot losing Rs11,485 crore from its market valuation.
While, IT bellwether Infosys Technologies added Rs2,142 crore to its market valuation, L&T added Rs3,702 crore to its market cap last week.