The combined market capitalisation (m-cap) of six of the top 10 BSE Sensex companies advanced Rs 18,234 crore last week, led by ONGC whose value rose over Rs 5,000 crore.
The market value of ONGC gained Rs 5,219 crore to reach Rs 2,33,907 crore in the shortened first trading week of the fiscal 2012-13 that saw the BSE benchmark Sensex gain 0.47 per cent over March 30 closing. Last week, markets operated for three days with Thursday and Friday being public holidays.
SBI’s m-cap climbed Rs 4,400 crore to Rs 1,37,432 crore, followed by NTPC which added Rs 4,164 crore to its value at Rs 1,38,317 crore.
IT bellwether TCS saw a jump of Rs 2,055 crore in its m-cap which reached Rs 2,30,629 crore, while HDFC Bank gained Rs 1,656 crore taking its value to Rs 1,23,416 crore.
Similarly, ITC’s worth advanced by Rs 740 crore to Rs 1,77,595 crore.
In contrast to the gains made by these companies, RIL, Coal India, Infosys and Bharti Airtel saw erosion in value.
Bharti lost Rs 2,563 crore from its m-cap which was Rs 1,25,318 crore as on Wednesday, while CIL’s worth slipped by Rs 947 crore to Rs 2,15,767 crore.
Infosys saw a decline of Rs 829 crore from its value, while RIL shed Rs 377 crore from its market worth.
The m-cap of Infosys was Rs 1,63,681 crore, while that of RIL was 2,44,641 crore as on April 4.
RIL retained the number one position in the list of top 10 companies in terms of market value, while ONGC remained the second most valued company, followed by TCS.
State-owned Coal India was the fourth most valued firm, followed by ITC, Infosys, SBI, NTPC, Bharti and HDFC Bank.