The combined market value of the top six Sensex companies surged Rs 39,206 crore last week, with SBI alone adding Rs 16,243 crore to the total gain.
RIL, ONGC, SBI, HDFC Bank, NTPC and ICICI Bank saw a gain in their value, while TCS, Coal India, ITC and Infosys witnessed an erosion in their market capitalisation (m-cap) in a bullish stock market where the BSE benchmark Sensex ended 1.56 per cent higher at 18,752.83.
The m-cap of SBI advanced by Rs 16,243 crore to Rs 1,48,475 crore, while ONGC added Rs 9,711 crore to its value which reached Rs 2,50,975 crore.
ICICI Bank, which last week made its entry in the top-10 list, saw its m-cap surge Rs 6,802 crore to Rs 1,22,821 crore, while HDFC Bank’s value soared Rs 3,101 crore to Rs 1,47,444 crore. Reliance Industries Ltd’s value jumped Rs 2,896 crore to Rs 2,74,987 crore and NTPC added Rs 453 crore to Rs 1,39,059 crore.
In contrast, TCS was the worst hit among the losers as its m-cap tumbled Rs 21,265 crore to Rs 2,55,084 crore, while CIL lost Rs 6,601 crore to Rs 2,34,905 crore.
Shares of TCS had tanked 7.69 per cent last week.
ITC’s value plunged Rs 5,059 crore to Rs 2,05,254 crore and Infosys lost Rs 2,191 crore to Rs 1,48,992 crore.
In the list of top-10 companies, RIL was at the number one position, followed by TCS. RIL had on Monday regained its status as the country’s most valued firm, dethroning IT major TCS.
ONGC was at third position, followed by CIL, ITC, Infosys, SBI, HDFC Bank, NTPC and ICICI Bank.