Sunday, August 22, 2010

Seven of top-10 cos lose about 15k cr from m-cap;SBI worst hit

 In a volatile market past week, seven of the country's top-10 firms, lost nearly 15,000 crore from their combined market capitalisation (m-cap), with public sector lender State Bank of India losing the most. 

The country's largest lender, SBI, lost Rs 4,174.34 crore from its m-cap and its market valuation dipped to Rs 1,76,728.37 crore for the week ended August 20. 

The lender maintained its third position in the list of top-10 companies, decided as per their market capitalisation. 

During the week, shares of SBI fell over 2 per cent to settle at 2,783.65 at the end of Friday's trade on the Bombay Stock Exchange (BSE). 

The BSE-30 Sensex gained over 1 per cent during the previous week and settled at 18,401.82 for the week. 

Corporate giant Reliance Industries ruled the chart and added Rs 2,976.83 crore to take its market capitalisation to Rs 3,23,247.58 crore. 

Oil and gas major ONGC lost Rs 3,989.23 crore from its m-cap to Rs 2,69,091 crore for the week ended Friday. The company's loss was the second largest after SBI. 

With an m-cap of Rs 1,69,708.81 crore, software exporter TCS stood at fourth place and added Rs 1,976.77 crore to its valuation. 

Power producer NTPC saw an erosion of Rs 1,896.46 crore from its m-cap to take its market valuation to Rs 1,59,343.51 crore. It stood at the fifth spot in the coveted club. 

IT bellwether Infosys Technologies at the sixth place witnessed a decline of Rs 631.29 crore from its valuation to Rs 1,58,924.39 crore. 

Meanwhile, two state-run firms-- MMTC and BHEL-- together lost a sum of Rs 1,525.83 crore from their combined market capitalisation. Trading firm MMTC with an m-cap of Rs 1,39,290 crore stood at seventh position, while BHEL's m-cap was at Rs 1,20,879.62 crore. 

BHEL slipped one spot to the ninth place. FMCG major ITC replaced BHEL for the eight place in the list and gained Rs 5,203.96 crore to see its valuation swell to Rs 1,24,597 crore. 

Country's top telco Bharti Airtel fell from ninth position and finished last. It lost Rs 2,677.25 crore to Rs 1,17,780 crore.
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