Top companies loose on Market Capitalization

A whopping Rs 73,000 crore was eroded from the market capitalisation of seven of the top 10 firms last week and during the period the benchmark Sensex fell below the psychologically crucial 17,000-mark.

The country's largest iron ore producer NMDC, which will come out with a follow-on public offer to divest 8.3 per cent, was the biggest gainer. It jumped to the third place from fourth in the list of top 10 companies going by their market valution. NMDC added Rs 21,429.21 crore to its valuation to end the week at Rs 2,11,120.28 crore.

Mukesh Ambani-led Reliance Industries, the biggest company by m-cap, also lost Rs 18,421.28 crore. Its valution stood at Rs 3,46,126.17 crore at the end of of the week.

The state-run power behemoth NTPC slipped to fourth place from third after losing Rs 8,245.46 crore. Trading firm MMTC down by Rs 8,733.75 crore is at the fifth place. Its total valuation declined to Rs 1,83,461.49 crore.

Another PSU MMTC's m-cap dipped to Rs 1,75,675.25 crore. Software giants TCS and Infosys Technologies together lost Rs 13,053.11 crore.

TCS is at the sixth place at Rs 1,47,788.17 crore and Infosys at Rs 1,47,574.71 crore is at seventh place. Country's largest public sector lender SBI, eighth in the list, witnessed an erosion of Rs 3,415.65 crore, bringing its total valution to Rs 1,32,702.62 crore.

Private telecom services provider Bharti Airtel Bharti Airtel's stood at ninth spot with a total valuation of Rs 1,21,996.32 crore. Bharti Airtel posted 2.3 per cent rise in third quarter profit at Rs 2,210 crore.

However we can see better days ahead :) my fingers are crossed