The combined market capitalisation of seven

of the country's top 10 companies declined by Rs 38,767.51 crore

last week, with banking giant State Bank of India emerging as the

biggest loser.

SBI shed Rs 10,883.72 crore from its market valuation, which

stood at Rs 1,64,075.07 crore as on Friday last week. During the

week, shares of SBI on the Bombay Stock Exchange fell by 6.22 per

cent to Rs 2,583.90 on Friday.

Two state-run firms mining entity Coal India (CIL) and power

producer NTPC together lost Rs 12,764.46 crore from their combined

valuations. The m-cap of CIL stood at Rs 1,84,374.55 crore while

that of NTPC was at Rs 1,40,543.87 crore on Friday last week.

Oil & gas explorer ONCG too witnessed an erosion of Rs 4,534.4

crore from its m-cap which stood at Rs 2,24,966.35 crore. IT bellwether

Infosys Technologies' market worth also declined by Rs 5,060.87 crore

to Rs 1,72,709.65 crore.

The m-cap of telecom giant Bharti Airtel fell by Rs 1,120.27

crore to Rs 1,25,014.36 crore.

ICICI Bank's m-cap diminished by Rs 4,403.79 crore to Rs 1,13,425.96

crore.

However, country's most valued firm Reliance Industries (RIL)

along with IT major TCS and FMCG honcho ITC were on the gainers side.

RIL added Rs 9,360.92 crore to its market valuation which stood

at Rs 3,16,160.26 crore on Friday last week.

The market cap of TCS swelled by Rs 4,070.97 crore to Rs 2,17,484.06

crore, while ITC saw an addition of Rs 506.86 crore to its m-cap

which stood at Rs 1,20,574.35 crore.

The stock markets declined nearly 3 per cent during the week

under review, following concerns over the rising global crude oil

prices due to political tensions in the Middle East that might stoke

up domestic inflation.