Top-10 firms lose Rs 215 cr in a week

Country's top 10 companies managed to get away with just Rs 215 crore losses.

Written by Agencies | Mumbai | Published: February 8, 2009 12:51:29 pm

Country’s top 10 companies managed to get away with just Rs 215 crore losses,even as the entire market saw an erosion of as much as Rs 41,000 crore in a week.

Mukesh Ambani-led Reliance Industries maintained its last week’s gains adding Rs 2,880 crore to its market capitalisation,floating well above the Rs two trillion mark.

The company at the end of the Friday’s trade had a market valuation of Rs 2,11,440 crore as against Rs 2,08,559.98 crore in the previous week.

Meanwhile,state-owned NTPC emerged as the biggest loser during last week,witnessing an erosion of Rs 7,585.83 crore from its market valuation.

NTPC shares slid nearly five per cent to settle at Rs 180.30 on Friday on the Bombay Stock Exchange.

Besides,the combined market valuation of all the listed companies dropped by Rs 41,124 crore to Rs 29,58,401.27 crore.

Last week,the total market capitalisation had been as much as Rs 29,99,525 crore.

Further,state-run ONGC pooled in the biggest amount in the top 10 club by adding 4,887 crore to its market valuation,but the firm remained at the third place in the top 10 rankings.

During the week,the ONGC stock gained as much as 4.53 per cent to end the trade on Friday at Rs 681.05.

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