M-cap of 7 Sensex cos erode by Rs 320b last week
Tuesday, 24 June 2014
NEW DELHI, June 23 (PTI): As benchmark BSE index Sensex shed over 122 points last week, seven of 10 most valued companies saw erosion of Rs 319.66 billion in their total market capitalisation (m-cap) during the period.
Reliance Industries, ONGC and Larsen and Toubro witnessed significant fall in their market valuations (m-cap) in the week ended on last Friday.
Among top 10 bluechips, only three companies -- ITC, TCS and Infosys -- posted gains in their valuations.
In the ranking of the top 10 Sensex companies, TCS remained at number one, followed by ONGC, RIL, ITC, Coal India, HDFC Bank, State Bank of India, Infosys, ICICI Bank, and Larsen & Toubro in that order.
Country's largest software services firm Tata Consultancy Services, added Rs 140.57 billion to its market valuation.