Helped by a smart uptick in the market value of TCS and Infosys, eight of the top 10 blue-chip companies added a cumulative Rs 57,934 crore in market valuation last week.
While Coal India and Hindustan Unilever saw losses in their market capitalisation (m-cap), TCS, Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, Bharti Airtel and Sun Pharma made gains. Over the past week, the BSE benchmark Sensex gained 612.64 points to 20,528.59.
The m-cap of TCS shot up by Rs 17,860 crore to Rs 4,15,723 crore, becoming the biggest gainer among the top 10 firms.
TCS continued to remain at the top followed by RIL, ITC, ONGC, Infosys, CIL, HDFC Bank, Bharti, HUL and Sun Pharma.
Infosys’ market value surged by Rs 14,841 crore to Rs 1,87,999 crore, while ONGC added Rs 9,282 crore to Rs 2,35,874 crore.
Infosys had on Friday posted a 1.6 per cent increase in second quarter profit and raised its revenue guidance to 9-10 per cent for the fiscal.
Similarly, the m-cap of Sun Pharmaceutical zoomed by Rs 5,184 crore to Rs 1,29,578 crore, followed by HDFC Bank (Rs 4,222 crore to Rs 1,57,409 crore), RIL (Rs 3,101 crore to Rs 2,78,804 crore), Bharti (Rs 1,939 crore to Rs 1,33,113 crore) and ITC (Rs 1,505 crore to Rs 2,70,863 crore).
In contrast, CIL’s m-cap slipped Rs 17,307 crore to Rs 1,78,500 crore, while HUL shed Rs 941 crore to Rs 1,30,554 crore.