Top 8 companies add Rs 46,505 crore in market valuation; TCS shines
Barring CIL and ONGC, rest eight companies, including RIL, HDFC Bank, ITC, Infosys saw addition in their market capitalisation for the week.
New Delhi: Eight of the 10 most valued Indian companies together added Rs 46,505.25 crore in market valuation last week, with TCS leading the pack. Barring CIL and ONGC, rest eight companies, including RIL, HDFC Bank, ITC and Infosys saw addition in their market capitalisation (m-cap) for the week ended Friday.
TCS, the most valued Indian firm in terms of total market valuation, saw its m-cap surge by Rs 21,556.48 crore to Rs 5,15,966.41 crore. The m-cap of Sun Pharma soared Rs 10,108.12 crore to Rs 1,99,695.45 crore. HUL's valuation jumped Rs 4,025.5 crore to Rs 1,99,435.24 crore and that of HDFC Bank went up by Rs 3,827.93 crore to Rs 3,16,006.91 crore.
The m-cap of ITC advanced by Rs 3,503.2 crore to Rs 3,04,958.88 crore and of HDFC rallied Rs 2,958.43 crore to Rs 2,17,428.47 crore. Infosys added Rs 298.6 crore to Rs 2,46,680.37 crore in its valuation and RIL (Rs 226.99 crore to Rs 3,29,297.39 crore).
In contrast, ONGC lost Rs 2,138.87 crore to Rs 1,88,178.01 crore from its m-cap and CIL also witnessed a decline of Rs 1,579.09 crore to Rs 2,07,176.75 crore. TCS ruled the domestic market cap chart in ranking followed by RIL, HDFC Bank, ITC, Infosys, HDFC, CIL, Sun Pharma, HUL and ONGC.
On a weekly basis, the Sensex rose by 248.62 points or 0.89 per cent and the NSE Nifty perked up 97.30 points or 1.13 per cent. Both the indexes are up for a fifth consecutive month.