Results 1 to 2 of 2

Thread: Five of top 10 stocks shed Rs 32k cr in m-cap

  1. #1

    Five of top 10 stocks shed Rs 32k cr in m-cap

    Advertisement

    MUMBAI: Five of the top 10 Sen*** stocks lost a whopping Rs 32,000 crore in their market capitalisation past week even as the benchmark Sen***



    How to make re-entry into the stock markets
    Short-term funds may be your best bet, now
    Deep discount bond: Retail investment option
    What is Indian Depository Receipt?
    Go online,buying MF units was never this easy

    rose to a two-month high in the same period.

    Advertisement
    State-run mining major NMDC led the losses, with its market capitalisation dipping by Rs 23,986.44 crore to Rs 1,18,267 crore.

    NMDC plunged nearly 17 per cent during the four-day trade to close at Rs 298.30 on the BSE on Friday.

    Bharti Airtel, which is finalising definitive agreements to buy out Kuwait-based Zain Telecom's African assets in a USD 10.7 billion deal, lost Rs 637.47 crore from its m-cap to Rs 1,17,780 crore.

    The other three M-Cap are losers are all public sector companies--- MMTC, NTPC and BHEL. Together all the five lost a sum of Rs 32,041.97 crore from their market valuation for the week ended March 28.

    On other hand, the Bombay Stock Exchange (BSE) benchmark index Sen*** gained during the week on the back of heavyweight Reliance Industries, ONGC, Infosys Technologies, TCS and state-run SBI adding a combined wealth of Rs 10,206 crore to their market capitalisation (m-cap).


    Also Read
    RBI for firm regulation of clearing houses
    Stock markets to trade in limited range: Analysts
    Investor awareness website in local languages soon
    United Stock Exchange gets SEBI nod for currency futures


    The stock market barometer Sen*** touched a fresh two-month high by gaining 85.91 points or 0.49 per cent to settle at 17,644.76-- the highest closing level since January 18.

    The country's most valued firm Reliance Industries, maintained its numer-uno position and saw its valuation swell by Rs 3,008.71 crore to Rs 3,59,409.27 crore.

    The second most valued firm, state-run ONGC saw its valuation surge by Rs 5,112 crore, while, NTPC at the third position witnessed value erosion of Rs 412.27 crore from its m-cap.

    ONGC saw its valuation swelled to Rs 2,30,987.27 crore, while, NTPC witnessed a value erosion taking its total m-cap to Rs 1,66,764.43 crore.

  2. #2
    Software outsourcing firm TCS and IT bellwether Infosys Technologies together added Rs 1,180.7 crore to their


    How to make re-entry into the stock markets
    Short-term funds may be your best bet, now
    Deep discount bond: Retail investment option
    What is Indian Depository Receipt?
    Go online,buying MF units was never this easy

    m-caps.

    TCS inched up to the fourth spot from the fifth after adding Rs 1,037.32 crore to its valuation, taking its total m-cap to Rs 1,61,566.86 crore and Infosys Technologies climbed to the fifth position from the sixth by adding Rs 1,59,306.47 crore to value at Rs 1,59,306.47 crore.

    Trading firm MMTC fell to the sixth spot from fourth after losing Rs 6,330.25 crore from its m-cap, while, the country's largest public sector lender SBI climbed to the seventh place from the eighth after adding Rs 904.7 crore to its m-cap. At the end of the week, the total market valuation of MMTC stood at Rs 1,58,714.75 crore and that of SBI's at Rs 1,31,594.75 crore.

    Iron ore major NMDC, the biggest loser in terms of valuation, slipped to the eight spot from the seventh.

    Private telecom services provider Bharti Airtel fell to the ninth place, while power equipment maker BHEL was at the tenth spot shedding Rs 675.54 crore from its valuation.

    BHEL's m-cap stood at Rs 1,15,477.77 crore.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •