ONGC m-cap surged Rs 1, 924. 98 crore in order to Rs 2, 37, 842. 34 crore on Friday on the Bombay Stock market (BSE), replacing Mukesh Ambani led RIL as the most valued company within India.
RIL's market value dipped Rs 3, 843. 62 crore, commanding an industry cap of Rs 2, 35, 571 crore.
The PSU energy major reclaimed the very best position after a gap of nearly four-and-a-half years.
On August 17, Coal India Ltd (CIL) had dethroned RIL since the top-valued firm, ending the private sector energy giant's reign. However, its ascend was short-lived as RIL reclaimed this position within six days on July 23.
During last week, the market valuation of CIL fell by Rs twenty one, 444. 04 crore to Rs 2, 27, 231. 05 crore. During the time, the company's shares fell over 8%.
The country's biggest lender SBI, as well, lost Rs 9, 597. 87 crore from its m-cap which stood from Rs 1, 19, 933. 74 crore. Private lender HDFC Bank's market worth also declined by Rs 5, 581. 97 crore to Rs 1, 02, 318 crore.
Energy producer NTPC saw its market cap drop Rs 6, 225. 32 crore in order to Rs 1, 37, 039. 55 crore.
FMCG major ITC lost Rs 1, 597. 6 crore and it is market cap stood at Rs 1, 52, 537 crore, while software providers exporter Infosys saw its value slip Rs 1, 197. 17 crore in order to Rs 1, 26, 580. 85 crore.
In contrast, IT giant TCS and telecom player Bharti Airtel saw gains within their m-cap. TCS saw its market value surge Rs 3, 787. 18 crore in order to Rs 1, 85, 767. 64 crore, while that of Bharti rose Rs 5, 791. twenty two crore to Rs 1, 51, 426. 11 crore.
Meanwhile, the BSE 30-scrip standard Sensex fell 292. 84 points, or 1. 81%, to end the 7 days at 15, 848. 83.