ONGC topples RIL from top slot in market cap
State-run energy giant ONGC has toppled corporate behemoth Reliance Industries from the top position.india Updated: Oct 26, 2006 19:11 IST
State-run energy giant ONGC has toppled corporate behemoth Reliance Industries from the top position in terms of market capitalisation after a more than one per cent dip in RIL's share price.
Reliance Industries' fell to the second position in the 30-share BSE Sensex, as its shares plunged 1.6 per cent at the close of the trading on Thursday, taking its market capitalisation to Rs 1.63 lakh crore.
RIL's shares were impacted by the news of a fire at one of its facilities at the Jamnagar refinery on Wednesday.
ONGC's shares ended in the green with a gain of 0.43 per cent that helped push its market cap to Rs 1.64 lakh crore.
IT major Infosys, which replaced PSU power major NTPC as the country's third largest corporate entity recently, maintained its position with a market capitalisation of over Rs 1.15 lakh crore.
Infosys' shares gained 1.46 per cent on Thursday to settle at Rs 2072.42 on the BSE on Thursday.
Another IT major, TCS was also seen trading with a modest gain and a market cap of over Rs 1.05 lakh crore, placing it at the fourth position among India's listed entities.
PSU major NTPC, now the fifth largest in terms of market-capitalisation, was trading with a gain of about 1.5 per cent. Its market cap stood at about Rs 1.04 lakh crore.