Seven of the 10 most valued Indian companies together added ₹ 69,917.79 crore in market valuation last week, with RIL emerging as the biggest gainer.
While Tata Consultancy Services (TCS), Reliance Industries Ltd (RIL), ITC, HUL, HDFC, Infosys and Kotak Mahindra Bank saw rise in their market valuation for the week ended Friday, HDFC Bank, Maruti Suzuki India and ONGC suffered losses.
Among gainers, RIL’s valuation zoomed ₹42,255.18 crore to ₹6,30,185.08 crore. The market capitalisation (m-cap) of TCS jumped ₹9,265.16 crore to ₹6,61,348.08 crore and that of Kotak Mahindra Bank soared ₹6,513.29 crore to ₹2,26,510.88 crore.
IT bellwether TCS on Thursday became the first Indian company to close the trading session with over USD 100 billion market valuation. HDFC’s m-cap advanced by ₹4,390.79 crore to ₹3,11,352.38 crore and that of ITC gained ₹4,027.42 crore to ₹3,40,804.94 crore. The m-cap of Hindustan Unilever Ltd (HUL) rose by ₹1,958.9 crore to₹ 3,19,170.59 crore and that of Infosys went up by ₹ 1,507.05 crore to ₹ 2,58,851.82 crore.
In contrast, HDFC Bank’s market cap slumped ₹9,887.3 crore to ₹4,98,996.93 crore. Maruti lost ₹7,831.42 crore to ₹2,65,164.37 crore and ONGC shed ₹2,053.31 crore to ₹2,31,960.73 crore in m-cap.
In the ranking of top-10 firms, TCS stood at number one position, followed by RIL, HDFC Bank, ITC, HUL, HDFC, Maruti, Infosys, ONGC and Kotak Mahindra Bank. Over the last week, the Sensex surged 554.12 points, or 1.61 per cent to end at 34,969.70.