Nine of top-10 cos lose Rs 48k cr

Out of the top 10 firms in the country nine companies, with an exception of IT bellwether Infosys Technologies, have lost a whopping over Rs 48,000 crore in market capitalisation in the past week.

Mukesh Ambani-led Reliance Industries was suffered the biggest loss during week, shedding as much as Rs 14,070 crore from its kitty to take its total market value to Rs 3,11,768 crore. RIL had a total market-cap of Rs 3,25,838 crore as on 28^th August.

IT bigwig Infosys Technologies was the only firm to beat the declining trend and post a Rs 728-crore gain, pushing up its total market cap to Rs 1,26,093 crore in the week ended 5^th September.

Shares of Infosys rose nearly 1 percent to end at Rs 2,200.35 on Friday at the Bombay Stock Exchange (BSE).

State-run firms ONGC and NTPC lost Rs 310 crore and Rs 3,133 crore respectively, in their market valuation.

At the end of the week, the market cap of ONGC stood at Rs 2,51,905 crore and NTPC at Rs 1,70,145 crore.

Private sector telecom major Bharti Airtel's wealth eroded by Rs 10,840 crore in the said period to stand at Rs 1,54,247 crore, while that of the country's largest iron ore producer, NMDC, fell by Rs 5,333 crore to Rs 1,43,522 crore.

PSU firm, MMTC saw its market cap dwindle by Rs 6,059 crore to Rs 1,40,417 crore at the end of the week.

The country largest PSU lender, State Bank of India, and BHEL interchanged their position with the financial major moving up a notch to the eighth spot replacing the power equipment maker, which fell to the ninth position.

SBI managed to move up despite having lost Rs 1,121 crore to stand at Rs 1,11,986 crore, BHEL slipped to the ninth slot after losing Rs 5,749 crore at Rs 1,08,319 crore.

India's top outsourcing firm, Tata Consultancy Services lost Rs 1,713 crore from its market cap, taking its total market valuation to Rs 1,04,074 crore.

Apart from top-10 coveted firms, two private sector lenders ICICI Bank and HDFC Bank together lost Rs 2,287 crore from their market cap.

At the end of week, the total market cap of ICICI Bank stood at Rs 82,839 crore and HDFC Bank at Rs 62,066 crore.

In the club of top-10 firms, RIL is followed by ONGC (Rs 2,51,905 crore), NTPC (Rs 1,70,145 crore), Bharti Airtel (Rs 1,54,247 crore), NMDC (Rs 1,43,522 crore), MMTC (Rs 1,40,417 crore), Infosys (Rs 1,26,093 crore), SBI (Rs 1,11,986 crore), BHEL (Rs 1,08,319 crore), and TCS (Rs 1,04,074 crore) in that order.