Photographs: Arko Datta/Reuters
Led by State Bank of India, seven of the 10 most valued Sensex companies saw a dip of Rs 28,760 crore (Rs 287.6 billion) in their combined market capitalisation (m-cap) in last week's trading.
The country's top, state-owned lender SBI shed Rs 8,217 crore (Rs 82.17 billion) from its m-cap which was Rs 1,35,321 crore (Rs 1,353.21 billion) on Saturday.
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M-cap of top 7 firms dips Rs 28,760 cr, SBI biggest loser
Photographs: Parivartan Sharma/Reuters
Coal India's value dropped Rs 7,200 crore (Rs 72 billion) to Rs 2,21,799 crore (Rs 2,217.99 billion), becoming the second biggest loser in the list.
Bharti Airtel shed Rs 6,512 crore (Rs 65.12 billion) from its m-cap, which stood at Rs 1,16,584 crore (Rs 1,165.84 billion), while NTPC's value diminished Rs 2,515 crore (Rs 25.15 billion) to Rs 1,33,947 crore (Rs 1,339.47 billion).
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M-cap of top 7 firms dips Rs 28,760 cr, SBI biggest loser
Photographs: Amit Dave/Reuters
ONGC lost Rs 1,968 crore (Rs 19.68 billion) in value to reach Rs 2,25,736 crore (Rs 2,257.36 billion); HDFC Bank - Rs 1,805 crore (Rs 18.05 billion) at Rs 1,27,353 crore (Rs 1,273.53 billion) and Infosys - Rs 543 crore (Rs 5.43 billionb) at Rs 1,37,631 crore (Rs 1,376.31 billion).
In contrast, RIL, TCS and ITC saw spurt in their m-cap.
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M-cap of top 7 firms dips Rs 28,760 cr, SBI biggest loser
Photographs: Tata Consultancy Services/Reuters/Handout
TCS was the biggest gainer as its m-cap advanced by Rs 22,224 crore (Rs 222.24 billion) to reach Rs 2,35,443 crore (Rs 2,354.43 billion), while RIL's value jumped Rs 2,767 crore (Rs 27.67 billion) at Rs 2,42,283 crore (Rs 2,422.83 billion) and ITC added Rs 1,134 crore (Rs 11.34 billion) to its valuation which was Rs 1,92,919 crore (Rs 1,929.19 billion).
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M-cap of top 7 firms dips Rs 28,760 cr, SBI biggest loser
Photographs: Arko Datta/Reuters
Last week, TCS posted a healthy 21.9 per cent rise in net profit for 2011-12 at Rs 10,638.2 crore (Rs 106.38 billion) and said it is on track to outperform the industry revenue growth of 11-14 per cent set by industry body Nasscom for 2012-13.
It also became the first Indian IT company to cross the 10 billion dollar milestone, posting annual revenues of $10.17 billion in 2011-12.
Shares of the company soared over 10 per cent last week.
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M-cap of top 7 firms dips Rs 28,760 cr, SBI biggest loser
RIL was at the top position, followed by TCS which toppled CIL to grab the second position.
ONGC was at third spot, followed by ITC, SBI, Infosys, NTPC, HDFC Bank and Bharti in that order.
During the week, the BSE benchmark index Sensex fell by one per cent to 17,187.34.
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