M-cap of top-5 Sensex cos dips Rs 26,287 cr

Dragged by Infosys, the combined market capitalisation (m-cap) of top five Sensex companies slipped Rs 26,287 crore last week in a weak stock market.

While Infosys, Bharti Airtel, RIL, SBI and NTPC saw erosion in their market value, TCS, ONGC, CIL, ITC and HDFC Bank made gains as BSE 30-stock Sensex lost 1.75 per cent to close the week at 17,213.70.

Market value of Infosys fell Rs 12,406 crore, at Rs 1,27,927 crore, as investors went on a selling spree following the company’s cut in revenue outlook. It revised FY’13 dollar revenue growth guidance to 5 per cent, from 8-10 per cent given in April. The m-cap of Bharti dropped Rs 5,203 crore, to Rs 1,16,887 crore, while RIL’s value dipped by Rs 5,092 crore, to Rs 2,35,358 crore.

SBI shed Rs 2,597 crore from m-cap, which was Rs 1,46,240 crore last Friday, while the valuation of NTPC fell by Rs 989 crore, to Rs 1,31,350 crore.
In contrast, ONGC’s m-cap surged Rs 5,219 crore to reach Rs 2,43,617 crore, while CIL added Rs 1,673 crore taking its total value to Rs 2,23,630 crore.