Top-9 most-valued firms lose Rs 614.85b in m-cap

MUMBAI, Dec 18 (PTI): Weak stock markets pulled down the combined market capitalisation (m-cap) of the country's nine most-valued firms by Rs 614.85 billion last week, with State Bank of India (SBI) taking the biggest hit. Besides, Wipro made it to the top-10 league, pushing out HDFC Bank during the trading week ended December 16. Software major Infosys was the only stock that saw rise in its m-cap among the top-10 during the period. It climbed to Rs 1560.22 billion from Rs 1553.87 billion as on December 9. Meanwhile, SBI saw its market value plummet by Rs 116.52 billion to Rs 1067.08 billion as of Friday's close on the BSE. Reliance Industries saw an erosion of Rs 106.26 billion from its market valuation, which was fell to Rs 2367.42 billion, while TCS' value dropped to Rs 2238.08 billion, from Rs 2293.27 billion as on December 9. The market-worth of ONGC declined Rs 99.25 billion to Rs 2139.72 billion; Coal India Ltd (CIL) shed Rs 96.01 billion at Rs 1904.06 billion; ITC's dropped Rs 11.30 billion to Rs 1522.83 billion and NTPC took a hit of Rs 42.05 billion at Rs 1327.93 billion. Further, Bharti Airtel's value fell Rs 85.07 billion to Rs 1277.10 billion. The newly ranked Wipro lost Rs 3.20 billion at Rs 990.13 billion. Wipro secured its position as the country's tenth-most valued company by pushing HDFC Bank to eleventh position in the list. On December 13, the software major, which once occupied the position of the country's most valued company, moved back into the top-10 league.