BSEIndia: All Stock Market News: [sharetrading] 7 of top-10 cos lose Rs 77,000 cr in Feb; NMDC major loser

Sunday, February 28, 2010

[sharetrading] 7 of top-10 cos lose Rs 77,000 cr in Feb; NMDC major loser

7 of top-10 cos lose Rs 77,000 cr in Feb; NMDC major loser 28 Feb 2010, 1053 hrs IST, PTI




Topics: · NMDC · Market capitalisation
MUMBAI: Seven out of top-10 firms lost a sum of over Rs 77,000 crore from their market valuation during the month, with state-run mining giant NMDC losing the most. Meanwhile, three firms including – ONGC, TCS and Infosys Technologies – together added Rs 15,853.72 crore to their market valuation. NMDC, at third place, saw its valuation falling by Rs 26,048 crore taking its total market capitalisation to Rs 1,71,156 crore for month ended February 28. During the month, shares of NMDC tanked 13.20 per cent to settle at Rs 431.70 on the BSE at the end of Friday's trade. Mukesh Ambani-led Reliance Industries Ltd (RIL), maintained its numero-uno position, even after losing Rs 22,404.73 crore from its market valuation, taking its total m-cap to Rs 3,19,826.54 crore. Next to RIL is state-run oil firm ONGC, which added Rs 3,689.55 crore to its m-cap, while NMDC saw the biggest fall by losing Rs 26,048 crore. ONGC saw its valuation surging to Rs 2,38,922.47 crore, while NMDC's m-cap declined to Rs 1,71,156.1 crore. During the month, two state-run firms – MMTC and NTPC – together lost Rs 10,844.39 crore from their market valuation. State-run trading firm MMTC inched up to fourth place from the last week's fifth spot even after losing Rs 1,568 crore from its m-cap, taking its total valuation to Rs 1,67,888 crore and power major NTPC slipped to fifth spot from fourth, after losing Rs 9,276 crore from its valuation to Rs 1,67,382.84 crore. IT firms – Infosys Technologies and TCS – together added Rs 12,164 crore to their market valuation. IT bellwether Infosys Technologies climbed up to sixth position from seventh after adding Rs 7,163.52 crore, taking its total m-cap to Rs 1,49,212 crore and top outsourcing firm TCS slipped to seventh place from earlier's sixth place, after adding Rs 5,000.65 crore in its valuation to Rs 1,48,942.92 crore. The country's largest public sector lender SBI at eighth place lost Rs 5,215.54 crore from its m-cap and power equipment major BHEL at ninth spot saw its valuation dip by Rs 2,658 crore. At the end of the month, the total m-cap of SBI stood at Rs 1,25,442.76 crore and BHEL's valuation stood at Rs 1,15,142.45 crore. Private telecom services provider Bharti Airtel at ninth place saw its valuation fell by Rs 10,338.33 crore to end the month at Rs 1,06,038.49 crore. Meanwhile, during the month, the 30-share benchmark index Sensex gained 71.59 points or 0.43 per cent to settle at 16,429.55 points on the BSE at the end of Friday's trade.

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Crossley Rozario @ 6571

Enterprise IT Operations

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