Country's top 10 firms witnessed an erosion of Rs 19,000 crore in their market capitalisation in a week amid worsening global economic scenario, whereas State Bank of India (SBI), National Mineral Development Corporation (NMDC) and National Thermal Power Corporation (NTPC) defied the trend.
The combined market capitalisation of the country's top 10 firms' club, comprising five public sector and five private sector entities, plunged by as much as Rs 18,923 crore during the week, dropping to Rs 9,45,753 crore at the end of the trading on Friday from the previous week's Rs 9,64,677 crore.
While SBI and NTPC together added Rs 4,456 crore to the top 10's kitty, state-run NMDC made a come back to the coveted club, replacing Tata Consultancy Services (TCS) by adding Rs 2,121 crore to its valuation at the ninth slot.
TCS, which lost Rs 3,557 crore in a week, saw its valuation shrinking to Rs 51,054 crore.
Country's most valued firm Reliance Industries (RIL) witnessed a dip in its valuation by Rs 2,045 crore in a week.
Mukesh Ambani-led RIL, which had gained last week after an eight-week-long losing spree, saw its market capitalisation dropping to Rs 1,76,044 crore at the end of Friday's trade. RIL's valuation as of last week was Rs 1,78,090 crore.
The ups and downs on the domestic bourses, which saw the Sensex losing 128 points in a week, has shaken up the rankings of the bottom six companies in the club. The benchmark index settled at 8,965.20 points at the end of Friday's trade.
Country's largest lender SBI regained the fifth slot with an addition of Rs 3,095 crore to its kitty and Bharat Heavy Electricals (BHEL) advanced to sixth place despite a loss of Rs 1,092 crore. Infosys lost over Rs 6,000 crore during the week, to slip to the seventh position.
Meanwhile, biggest private sector lender ICICI Bank added Rs 785 crore to its valuation, while HDFC Bank lost Rs 1,341 crore during the week. ICICI Bank stood at the 17th position with a market capitalisation of Rs 39,905 crore, followed by HDFC Bank with Rs 37,788 crore.
RIL, the numero uno in the list of the most valued firms, is followed by ONGC (Rs 1,40,063 crore), NTPC (Rs 1,32,958 crore), Bharti Airtel (Rs 1,26,287 crore), SBI (Rs 72,096 crore), BHEL (Rs 65,546 crore), Infosys (Rs 65,018 crore), ITC (Rs 63,839 crore), NMDC (Rs 52,016 crore) and HUL (Rs 51,881 crore).
