Eight of the top 10 most valued Indian firms together added Rs 52,277 crore in market valuation last week, with TCS, CIL and RIL emerging as the biggest gainers.
Barring ITC and ICICI Bank, the rest eight companies, including ONGC, Infosys, HDFC Bank, SBI and Sun Pharma, saw gains in their market capitalisation (m-cap).
The m-cap of outsourcing giant TCS surged by Rs 14,181.19 crore to Rs 5,08,681.66 crore.
State-owned Coal India’s market valuation jumped by Rs 9,379.8 crore to Rs 2,34,495.03 crore, while that of RIL went up by Rs 8,425.96 crore to Rs 3,31,574.48 crore.
The valuation of Infosys soared by Rs 7,826.84 crore to Rs 2,14,207.32 crore, followed by ONGC (Rs 6,288.29 crore to Rs 3,78,580.44 crore), SBI (Rs 4,102.42 crore to Rs 1,87,793 crore), HDFC Bank (Rs 1,399.38 crore to Rs 2,04,780.56 crore) and Sun Pharma (Rs 673.11 crore to Rs 1,77,659.31 crore).
Losers in market valuation
On the other hand, ITC’s m-cap slipped by Rs 3,864.16 crore to Rs 2,79,096.30 crore and ICICI Bank lost Rs 942.86 crore to Rs 1,79,126.07 crore.
TCS continued to rule the top-10 companies list followed by ONGC, RIL, ITC, CIL, Infosys, HDFC Bank, SBI, ICICI Bank and Sun Pharma.
The BSE benchmark index Sensex concluded the week at 27,026.70, showing a gain of 388 points or 1.45 per cent.