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  • Business
    Top 10 firms gain over Rs. 20,000 croress in market cap

    Mumbai (PTI): Breaking its six-week long losing trend, country's top 10 club added over Rs. 20,000 crores to the combined market valuation in the past week, even as Reliance Industries and Infosys suffered losses.

    The top 10 companies together gained Rs. 23,273 crores in market cap last week, while country's most valued firm Reliance Industries alone lost Rs. 24,063 crores from its valuation.

    Also IT bellwether Infosys' valuation declined to Rs. 6,371 crores in the past week.

    At the end of Friday's trade, the total market value of the 10 most valued firms, comprising six from public sector and four private sector entities, stood at Rs. 10,15,150 crores, up from Rs. 9,91,877 crores a week ago.

    Mukesh Ambani-led RIL saw its market value plummeting by Rs. 24,063 crores in the past week to Rs. 1,91,664 crores.

    During the week, the shares of RIL witnessed a slump of over 15 per cent, which brought its valuation down from the crucial Rs. two-trillion mark. However, it retained its numero uno position.

    Meanwhile, Bharti Airtel slipped one place to the fourth position in top 10 club, whose gain of Rs. 189 crores in market cap was offset by state-run NTPC's gain of Rs. 8,781 crores.

    Country's largest lender SBI grabbed the fifth spot, overtaking Infosys which suffered a decline in its mcap. Also state-run ONGC showed the highest gain of Rs. 15,357 crores, followed by SBI's (Rs. 8,872 crores) and NTPC (Rs. 8,781 crores).

    As per the elite list of top 10 firms, RIL is followed by ONGC (Rs. 1,58,619 crores), NTPC (Rs. 1,24,671 crores), Bharti Airtel (Rs. 1,23,379 crores), SBI (Rs. 79,312 crores), Infosys (Rs. 72,728 crores), BHEL (Rs. 68,782 crores), MMTC (Rs. 68,726 crores), ITC (Rs. 65,908 crores) and NMDC (Rs. 61,810 crores).


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