Millennium Post

M-cap of seven firms dips, RIL top loser

The combined market valuation of top seven Sensex companies fell by Rs 39,787 crore last week, with RIL alone taking the steepest hit of Rs 12,457 crore.

Besides RIL, TCS, ONGC, CIL, SBI, NTPC and Infosys their value dipping. On other hand, ITC, HDFC Bank and HUL saw gains in their market capitalisation [m-cap].

The market value of RIL decreased Rs 12,457 crore to Rs 2,64,957 crore, with its share price falling 4.5 per cent during the last week.

Energy major ONGC took the second biggest hit as its m-cap slipped Rs 8,470 crore to Rs 2,37,243 crore.

Infosys, which declared its second quarter results on Friday, saw its market value plummeting Rs 7,595 crore to Rs 1,37,565 crore in the week.

The IT bellwether's counter witnessed heavy selling on Friday amid lower-than-expected quarterly earnings and a cut in its full-year revenue guidance.

Besides, State Bank of India's value plunged by Rs 5,952 crore to Rs 1,51,025?crore, while Coal India lost Rs 2,526 crore to finish the week with a m-cap of Rs 2,27,010 crore.    
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