Top ten firms in terms of m-cap lose Rs1052.71b last week
Monday, 15 November 2010
NEW DELHI, Nov 14 (PTI): Amid Sensex tumbling over four per cent in a week, the ten most valued companies witnessed a wealth erosion of a whopping Rs 1 lakh crore last week, with the country's largest lender State Bank of India emerging as the biggest loser.
The Bombay Stock Exchange barometer Sensex declined by 4.03 per cent or 848 points at 20,156.89, making the top ten firms in terms of market capitalisation lose Rs 1052.71 billion.
SBI was the worst hit with a value erosion of Rs 291.56 billion last week; it slipped to the fifth spot from the third position in the elite club of ten most valued firms.
On Friday, the reports of Reserve Bank degrading the SBI to B- from B amid a sluggish broader market, dampened the investor sentiment and the shares of SBI ended with 4.55 per cent loss at Rs 3,030.40, making its investors poorer by Rs 291.56 billion.
The third spot is now occupied by the software giant TCS with an m-cap of Rs 2069.45 billion.
With a market capitalisation of Rs 3474.78 billion, the country's most valued firm Reliance Industries continued to dominate at the first place despite shedding Rs 14,758.43 in its valuation.
RIL was followed by the oil and gas giant ONGC at the second spot with a total valuation of Rs 2795.08 billion. The company's m-cap declined by Rs 154.75 billion.
Even as m-cap of Coal India, which made a spectacular entry in the top-10 club last week, declined by Rs 187.91 billion, it managed to maintain its fourth position with an m-cap of Rs 2020.60 billion.
IT bellwether Infosys Technologies at the sixth spot, shed Rs 46.23 billion in its total valuation to Rs 1721.69 billion. It was followed by NTPC at the seventh place, whose valuation slid by Rs 33.39 billion to Rs 1584.37 billion.
Private sector lender ICICI Bank (eighth spot) and the FMCG giant ITC (ninth spot) saw their respective valuations decline by Rs 78 billion and Rs 25.75 billion.
Besides, the infrastructure giant Larsen & Toubro re-entered the elite club at the tenth position, replacing the state-run trading firm MMTC. However, L&T's m-cap dipped by Rs 49 billion to Rs 1264.10 billion.
MMTC fell to the eleventh spot, with a loss of Rs 56.90 billion in its m-cap at Rs 1263.35 billion.
The Bombay Stock Exchange barometer Sensex declined by 4.03 per cent or 848 points at 20,156.89, making the top ten firms in terms of market capitalisation lose Rs 1052.71 billion.
SBI was the worst hit with a value erosion of Rs 291.56 billion last week; it slipped to the fifth spot from the third position in the elite club of ten most valued firms.
On Friday, the reports of Reserve Bank degrading the SBI to B- from B amid a sluggish broader market, dampened the investor sentiment and the shares of SBI ended with 4.55 per cent loss at Rs 3,030.40, making its investors poorer by Rs 291.56 billion.
The third spot is now occupied by the software giant TCS with an m-cap of Rs 2069.45 billion.
With a market capitalisation of Rs 3474.78 billion, the country's most valued firm Reliance Industries continued to dominate at the first place despite shedding Rs 14,758.43 in its valuation.
RIL was followed by the oil and gas giant ONGC at the second spot with a total valuation of Rs 2795.08 billion. The company's m-cap declined by Rs 154.75 billion.
Even as m-cap of Coal India, which made a spectacular entry in the top-10 club last week, declined by Rs 187.91 billion, it managed to maintain its fourth position with an m-cap of Rs 2020.60 billion.
IT bellwether Infosys Technologies at the sixth spot, shed Rs 46.23 billion in its total valuation to Rs 1721.69 billion. It was followed by NTPC at the seventh place, whose valuation slid by Rs 33.39 billion to Rs 1584.37 billion.
Private sector lender ICICI Bank (eighth spot) and the FMCG giant ITC (ninth spot) saw their respective valuations decline by Rs 78 billion and Rs 25.75 billion.
Besides, the infrastructure giant Larsen & Toubro re-entered the elite club at the tenth position, replacing the state-run trading firm MMTC. However, L&T's m-cap dipped by Rs 49 billion to Rs 1264.10 billion.
MMTC fell to the eleventh spot, with a loss of Rs 56.90 billion in its m-cap at Rs 1263.35 billion.