Market Capitalisation of Top 7 Companies Dip by 31,792 Crore

Monday, 30 July 2012, 12:00 Hrs
40
cmt right
30
Comment Right
58
cmt right
8
cmt right
Printer Print Email Email
Money


Mumbai: Dragged down by SBI, the combined market value of top seven Sensex companies fell by 31,792 crores last week in a weak stock market, where the Sensex fell by about 2 percent.

The market value of SBI fell by 12,974 crores to 1,30,263 crores. With this, SBI also lost its status as the country's most valued lender in terms of market capitalisation (M-Cap) to HDFC Bank on 27 July.

After SBI, CIL took the biggest hit as its M-cap declined by 4,580 crores to 2,23,409 crores.

State-owned ONGC saw its value dip by 4,491 crores to 2,37,329 crores, while Infosys' market worth fell by 3,948 crores to 1,23,393 crores, Bharti Airtel lost 2,753 crores to 1,16,584 crores.

The M-cap of NTPC dropped by 2,309 crores to 1,26,196 crores and RIL saw its market worth plunge 737 crores to 2,35,898 crores.

In contrast, TCS, ITC and HDFC Bank saw gains in their market capitalisation.

TCS added 529 crores to its market value which was 2,39,906 crores, ITC's M-cap jumped 1,173 crores to 1,98,900 crores and the value of HDFC Bank moved up by 294 crores to 1,37,554 crores.

In the list of top-10 companies, TCS yet again surpassed ONGC for the top slot. ONGC was at second place, followed by RIL, CIL, ITC, HDFC Bank, SBI, NTPC, Infosys and Bharti.

This month, there has been a change in the top slot thrice. On July 3, ONGC had pipped TCS, ONGC had regained the numere one position on July 16 and then again on 27 July the Tata group flagship firm reclaimed the position.


Source: PTI
SPOTLIGHT
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..