Market value of top 9 companies drops; RIL, ONGC lose most

Amid turmoil in the stock market last week, the combined market capitalisation (m-cap) of nine of the country's top-10 firms declined by Rs 70,961.76 crore, with Reliance Industries bearing the maximum loss.

M-cap of RIL, the most valued firm, dropped by Rs 18,565 crore to Rs 2,52,361 crore last week. Shares of the company also plunged by 6.85 per cent.

Similarly, state-owned Coal India's market valuation declined by Rs 7,611.32 crore to Rs 2,31,305 crore.

Oil & gas explorer ONGC also saw a dip of Rs 14,459.04 crore from its market cap which stood at Rs 2,20,560 crore.

Software exporters, TCS and Infosys together shed Rs 10,456.26 crore. While TCS had a market value of Rs 1,94,038 crore, it was Rs 1,34,365 crore for Infosys.

FMCG major ITC shed Rs 5,046.92 crore and its m-cap was Rs 1,48,750 crore on the BSE on Friday.

Bharti Airtel's market worth also took a hit and slipped Rs 4,177.31 crore to Rs 1,42,350 crore and state-owned power utility NTPC saw its m-cap drop by Rs 4,576.91 crore to Rs 1,37,245 crore.

Private lender HDFC Bank's market value fell by Rs 6,069 crore to Rs 1,06,825 crore.

In contrast, country's biggest lender SBI saw an addition of Rs 633.52 crore to its market value which stood at Rs 1,24,174 crore.

The BSE benchmark Sensex fell 4.55 per cent or 772 points to end the week at 16,162.06.(PTI)