M-cap of top seven firms dips Rs 30,098 crore


M-cap of top seven firms dips Rs 30,098 crore
Clean Media Correspondent

Mumbai, Sept 30 (CMC) Seven of the top-10 Sensex companies together lost Rs 30,098 crore in market valuations last week, with state-run energy major ONGC alone taking the steepest hit of Rs 11,080 crore.

ITC, SBI and HDFC Bank, however, saw rise in their market capitalisation (m-cap), totalling Rs 10,552 crore, in an otherwise sluggish stock market where the BSE 30-stock index, Sensex, saw a mild gain of 0.05 percent during the past week.

The m-cap of ONGC plunged Rs 11,080 crore to Rs 2,39,895 crore, while Coal India lost Rs 7,864 crore to Rs 2,27,041 crore.

Reliance Industries Ltd saw its value plummet Rs 4,271 crore to Rs 2,70,716 crore; Infosys lost Rs 3,482 crore to Rs 1,45,510 crore and TCS’s value fell by Rs 1,820 crore to Rs 2,53,264?crore.

Besides, ICICI Bank’s m-cap slipped Rs 922 crore to Rs 1,21,899?crore and NTPC lost Rs 659 crore to Rs 1,38,400 crore.

On the other hand, FMCG major ITC’s value surged Rs 8,040 crore to Rs 2,13,294 crore, while SBI added Rs 1,698 crore taking its m-cap to Rs 1,50,173 crore and HDFC Bank’s market worth moved up by Rs 814 crore to Rs 1,48,258 crore.

Of the top-10 companies, RIL was at the No.1 spot, followed by TCS, ONGC, CIL, ITC, SBI, HDFC Bank, Infosys, NTPC and ICICI Bank.