Five of 10 cos shed Rs 320b in m-cap, NMDC biggest loser
Monday, 29 March 2010
MUMBAI, Mar 28 (PTI): Five of the top 10 Sensex stocks lost a whopping Rs 320 billion in their market capitalisation past week even as the benchmark Sensex rose to a two-month high in the same period.
State-run mining major NMDC led the losses, with its market capitalisation dipping by Rs 239.44 billion to Rs 1183 billion.
NMDC plunged nearly 17 per cent during the four-day trade to close at Rs 298.30 on the BSE Friday.
Bharti Airtel, which is finalising definitive agreements to buy out Kuwait-based Zain Telecom's African assets in a USD 10.7 billion deal, lost about Rs 6.47 billion from its m-cap to Rs 1178 billion.
The other three M-Cap are losers are all public sector companies--- MMTC, NTPC and BHEL. Together all the five lost a sum of Rs 320.97 billion from their market valuation for the week ended March 28.
On other hand, the Bombay Stock Exchange (BSE) benchmark index Sensex gained during the week on the back of heavyweight Reliance Industries, ONGC, Infosys Technologies, TCS and state-run SBI adding a combined wealth of Rs 102 billion to their market capitalisation (m-cap).
The stock market barometer Sensex touched a fresh two-month high by gaining 85.91 points or 0.49 per cent to settle at 17,644.76-- the highest closing level since January 18.
The country's most valued firm Reliance Industries, maintained its numer-uno position and saw its valuation swell by Rs 30.71 billion to Rs 3594.27 billion.
The second most valued firm, state-run ONGC saw its valuation surge by Rs 51 billion, while, NTPC at the third position witnessed value erosion of Rs 4.27 billion from its m-cap.
ONGC saw its valuation swelled to aboutRs 2309.27 billion, while, NTPC witnessed a value erosion taking its total m-cap to Rs 1668.43 billion.
Software outsourcing firm TCS and IT bellwether Infosys Technologies together added Rs 12.7 billion to their m-caps.
TCS inched up to the fourth spot from the fifth after adding Rs 10.33 billion to its valuation, taking its total m-cap to Rs 1616.86 billion and Infosys Technologies climbed to the fifth position from the sixth by adding Rs 1593.47 billion to value at Rs 15.93 billion.
Trading firm MMTC fell to the sixth spot from fourth after losing Rs 63.25 billion from its m-cap, while, the country's largest public sector lender SBI climbed to the seventh place from the eighth after adding Rs 9.04 billion to its m-cap.
State-run mining major NMDC led the losses, with its market capitalisation dipping by Rs 239.44 billion to Rs 1183 billion.
NMDC plunged nearly 17 per cent during the four-day trade to close at Rs 298.30 on the BSE Friday.
Bharti Airtel, which is finalising definitive agreements to buy out Kuwait-based Zain Telecom's African assets in a USD 10.7 billion deal, lost about Rs 6.47 billion from its m-cap to Rs 1178 billion.
The other three M-Cap are losers are all public sector companies--- MMTC, NTPC and BHEL. Together all the five lost a sum of Rs 320.97 billion from their market valuation for the week ended March 28.
On other hand, the Bombay Stock Exchange (BSE) benchmark index Sensex gained during the week on the back of heavyweight Reliance Industries, ONGC, Infosys Technologies, TCS and state-run SBI adding a combined wealth of Rs 102 billion to their market capitalisation (m-cap).
The stock market barometer Sensex touched a fresh two-month high by gaining 85.91 points or 0.49 per cent to settle at 17,644.76-- the highest closing level since January 18.
The country's most valued firm Reliance Industries, maintained its numer-uno position and saw its valuation swell by Rs 30.71 billion to Rs 3594.27 billion.
The second most valued firm, state-run ONGC saw its valuation surge by Rs 51 billion, while, NTPC at the third position witnessed value erosion of Rs 4.27 billion from its m-cap.
ONGC saw its valuation swelled to aboutRs 2309.27 billion, while, NTPC witnessed a value erosion taking its total m-cap to Rs 1668.43 billion.
Software outsourcing firm TCS and IT bellwether Infosys Technologies together added Rs 12.7 billion to their m-caps.
TCS inched up to the fourth spot from the fifth after adding Rs 10.33 billion to its valuation, taking its total m-cap to Rs 1616.86 billion and Infosys Technologies climbed to the fifth position from the sixth by adding Rs 1593.47 billion to value at Rs 15.93 billion.
Trading firm MMTC fell to the sixth spot from fourth after losing Rs 63.25 billion from its m-cap, while, the country's largest public sector lender SBI climbed to the seventh place from the eighth after adding Rs 9.04 billion to its m-cap.