Country’s top 10 companies, including Reliance Industries and ONGC, witnessed an erosion of over Rs 3.17 trillion from their combined market
capitalisations in October, as the bourses bore the brunt of the global financial crisis. The combined market cap of the elite club saw an erosion of Rs 3,17,510 crore in the past month dropping to Rs 9,92,000 crore.

With the market witnessing a free-fall last month, the country’s most valued firm, Reliance Industries, lost Rs 61,539 crore in its market value and state-run oil producer ONGC lost Rs 79,801 crore in its market value dipping to Rs 1,43,261 crore.

According to the list, RIL is followed by ONGC (Rs 1,43,261 crore), Bharti Airtel (Rs 1,23,189 crore) NTPC (Rs 1,15,889 crore), Infosys (Rs 79,099 crore), SBI (Rs 70,439 crore), MMTC (Rs 66,479 crore), BHEL (Rs 62,737 crore), ITC (Rs 58,021 crore), NMDC (Rs 57,032 crore).

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