that means 19,446 cr (30098-10552) went down the drain in top 10 alone and still some think that up trend is intact. With appreciation of INR though our real economy gains but crony capital based industry suffer that may reflect into market movement going forward in next two week.
With flurry of activities on reforms fading away and giving way into postponement of decision making (especially on land bill) excitement may taper off sooner than one can think. That may take away up to three times more in market cap from these top 10 companies in next week as compared to the week gone by.
Seven of the top-10 Sensex companies together lost Rs 30,098 crore in market valuations last week, with state-run energy major ONGC alone taking the steepest hit of Rs 11,080 crore.