M-cap of top five Sensex cos dip by Rs 20,600 cr
Dragged by TCS and Infosys, the combined market capitalisation (m-cap) of top five Sensex companies dipped Rs 20,600 crore last week in an otherwise positive stock market.business Updated: Jul 08, 2012 10:53 IST
Dragged by TCS and Infosys, the combined market capitalisation (m-cap) of top five Sensex companies dipped Rs 20,600 crore last week in an otherwise positive stock market.
While TCS, Infosys, RIL, ONGC and ITC saw erosion in their individual market values, Coal India, SBI, HDFC Bank, NTPC and Bharti Airtel made gains amid Sensex inching up by 0.52% to close the week at 17,521.12 points.
The market value of TCS fell by Rs 6,136 crore to Rs 2,43,908 crore, while rival Infosys' value declined Rs 3,370 crore to Rs 1,40,333 crore. ONGC lost Rs 5,176 crore from its m-cap which was at Rs 2,38,398 crore, while ITC shed Rs 4,887 crore to Rs 1,97,571 crore. Index heavyweight RIL's market value dropped by Rs 1,031 crore to Rs 2,40,450 crore.
In contrast, Bharti's m-cap surged Rs 6,266 crore to Rs 1,22,090 crore, HDFC Bank added Rs 4,959 crore taking its total value to Rs 1,37,330 crore.
The m-cap of SBI moved up Rs 3,949 crore to Rs 1,48,837 crore, CIL's value soared Rs 2,527 crore to Rs 2,21,957 crore and NTPC added Rs 618 crore taking its valuation to Rs 1,32,339 crore.
In the list of the top-10 pecking order, TCS retained the number one position and RIL was at the second place. They were followed by ONGC, CIL, ITC, SBI, Infosys, HDFC Bank, NTPC and Bharti Airtel.
Last week on Tuesday, ONGC had surpassed Tata Group software services company TCS to become the country's most valued firm.
However, its reign at the top proved to be short- lived as TCS the very next day toppled it to become the country's most valued company. By the end of the week, ONGC slipped to third place in the list.