Six of top-10 Indian firms lose over Rs 430b last week
Monday, 13 December 2010
MUMBAI, Dec 12 (PTI): The combined market capitalisation (m-cap) of six of the country's top-10 firms went down by Rs 427.91 billion during the past week, with two of the country's top lenders, SBI and ICICI Bank, bearing the maximum loss.
Amid a weak stock market, which fell by 458 points, or 2.29 per cent, last week, the market valuation of State Bank of India also declined by Rs 212.56 billion to Rs 1737.68 billion as on Friday's trade.
Similarly, private sector lender ICICI Bank too saw its m-cap diminishing by Rs 73.85 billion to Rs 1283.44 billion.
During the last week, SBI's scrip plunged 10.89 per cent, while ICICI's tanked by 5.44 per cent on the Bombay Stock Exchange.
Among the top-10 firms, RIL , ONGC, Infosys Technologies and NTPC led the gainers front, while SBI, ICICI, TCS, Coal India, ITC and Bharti Airtel emerged as losers in the list which is decided as per their market capitalisation.
Meanwhile, country's most valued corporate firm Reliance Industries added Rs 56.62 billion to take its m-cap to Rs 3350.17 billion, while state-run ONGC saw its valuation swelling by Rs 2.57 billion to Rs 2826.09 billion.
With an m-cap of Rs 1806.82 billion, IT bellwether Infosys Technologies added Rs 14.09 billion to its valuation.
Amid a weak stock market, which fell by 458 points, or 2.29 per cent, last week, the market valuation of State Bank of India also declined by Rs 212.56 billion to Rs 1737.68 billion as on Friday's trade.
Similarly, private sector lender ICICI Bank too saw its m-cap diminishing by Rs 73.85 billion to Rs 1283.44 billion.
During the last week, SBI's scrip plunged 10.89 per cent, while ICICI's tanked by 5.44 per cent on the Bombay Stock Exchange.
Among the top-10 firms, RIL , ONGC, Infosys Technologies and NTPC led the gainers front, while SBI, ICICI, TCS, Coal India, ITC and Bharti Airtel emerged as losers in the list which is decided as per their market capitalisation.
Meanwhile, country's most valued corporate firm Reliance Industries added Rs 56.62 billion to take its m-cap to Rs 3350.17 billion, while state-run ONGC saw its valuation swelling by Rs 2.57 billion to Rs 2826.09 billion.
With an m-cap of Rs 1806.82 billion, IT bellwether Infosys Technologies added Rs 14.09 billion to its valuation.