Top 5 cos lose Rs 24K cr in m-caphttps://indianexpress.com/article/news-archive/web/top-5-cos-lose-rs-24k-cr-in-mcap/

Top 5 cos lose Rs 24K cr in m-cap

Bucking the trend,ONGC,Coal India,Infosys,ITC and HDFC Bank saw gains in their market cap.

The combined market capitalisation (m-cap) of five of the top-10 Sensex companies slipped by Rs 24,310 crore last week,with market leader RIL taking the biggest hit.

Bucking the trend,ONGC,Coal India,Infosys,ITC and HDFC Bank saw gains in their market cap.

M-cap of Reliance Industries Ltd,country’s most valued company,dropped by Rs 12,965 crore to Rs 2,53,319 crore last week. The company’s share price fell by nearly 5 per cent.

On Friday,RIL lost its position as the Indian stock market’s most influential company to IT major Infosys after a gap of nearly three months.

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At the end of trade,Infosys was the top-weight Sensex stock with a weightage of 9.63 per cent,as against RIL’s 9.61 per cent.

IT bellwether TCS saw an erosion of Rs 2,848 crore from its m-cap which was at Rs 2,36,109 crore on Friday,while power utility NTPC lost Rs 3,215 crore from its valuation which reached Rs 1,43,141 crore.

Country’s biggest lender SBI’s m-cap dipped by Rs 1,807 crore to Rs 1,41,115 crore,while Bharti Airtel shed Rs 3,475 crore from its m-cap which stood at Rs 1,28,698 crore.

In contrast,state-owned ONGC’s m-cap advanced by Rs 1,712 crore to Rs 2,41,992 crore,while CIL added Rs 2,116 crore to its m-cap at Rs 2,11,503 crore.

Infosys saw marginal gain of Rs 26 crore in its value,which stood at Rs 1,64,218 crore,while ITC added Rs 2,645 crore taking its m-cap to Rs 1,62,588 crore. HDFC Bank’s worth climbed Rs 836 crore to Rs 1,22,537 crore.

The BSE 30-scrip barometer Sensex fell 0.75 per cent to end the week at 17,503.24.

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