Top Companies lose whopping Re 72000 cr in Mkt capitalization

The country's top 10 companies have witnessed an erosion of about Rs 72,000 crore from their market capitalisation in a week, with Reliance Industries' valuation again dipping below the Rs 2,00,000-crore mark.

However IT major's Infosys, Wipro, TCS increased their value of market capitalization because may be investor's have already started thinking that theses three IT elephants would eat up Satyam's client in near future and so they are optimistic on stocks of TCS, Infy, Wipro.My Advice is to bet on tech outsourcing companies for a minimum of 1year time and see the returns you get for sure after 1 year time stamp is over.

During the week, the market capitalisation of top 10 firms -- comprising five each from public and private sectors -- witnessed an erosion by Rs 71,793 crore in their valuation to Rs 10,20,313 crore.

The market capitalisation of the 10 companies as on January 2 was at Rs 10,92,106 crore. During the week, the Mukesh Ambani-led firm's valuation dipped to Rs 1,81,152 crore, an erosion of Rs 20,908 crore during the week's time. The corporate behemoth had a market capitalisation of Rs 2,02,060 crore in the week ago period.

The company also witnessed a 10 per cent plunge in its share price during the week to settle at Rs 1,151.05 on Friday. The shuffling in the premier category of these 10 coveted companies saw state-run NMDC falling out of it after losing Rs 16,711.21 crore in a week, while BHEL taking its place at the seventh spot. Also Infosys climbed up to the eighth spot from 10th last week. Hindusthan Unilever entered the coveted club at the 10th place.

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