Mumbai (PTI): The elite club of country's top 10 firms have witnessed a combined loss of over Rs 62,000 crore in the market valuation last week and also some shuffling in the ranking order.

Defying the trend, public sector mining giant NMDC was the only firm, which added Rs 5,590 crore to its market value.

The company improved its ranking two notches and climbed to the sixth spot last week from a week ago stand.

Also diversified conglomerate ITC managed to enter the coveted club, while construction major Larsen & Toubro lost fort.

ITC joined the club, which includes Reliance Industries, ONGC, Bharti Airtel and NTPC among others, with a gain of over Rs 463.87 crore in its market capitalisation that stood at Rs 72,480.17 crore last week.

At the end of Friday's trade, the total market cap of the 10 most valued firms comprising six from public sector and four private sector entities stood at Rs 13,16,361 crore, down from Rs 13,78,371 crore a week ago.

Market leader Reliance Industries, which maintains its numero uno position in the top 10 club, suffered the biggest loss of Rs 13,221.85 crore in market valuation. The company's market capitalisation stood at Rs 2.85 lakh crore on Friday last week, against Rs 2.98 lakh crore a week ago.

IT major Infosys recorded the second biggest loss of Rs 10,082 crore in terms of market value and slipped one position to the eighth rank in the top-10 club, while country's largest bank SBI fell to the seventh place last week from sixth slot.

SBI saw its market value go down by Rs 8,279 crore in the past week.

However, the shuffling in the top-10 club, was confined to the bottom five firms as the top five retained their previous week's rankings.