The combined market valuation of seven of the 10 most valued Indian companies surged Rs 60,911 crore last week, with IT major TCS leading the pack.
Barring HDFC Bank, SBI and CIL, the remaining seven firms saw a rally in their market capitalisation (m—cap) for the week ended Friday.
TCS’s valuation zoomed Rs 35,014.5 crore to Rs 4,53,365.91 crore.
The m—cap of Infosys soared Rs 13,207.43 crore to Rs 2,24,480.40 crore and that of HUL jumped Rs 6,308.86 crore to Rs 1,80,284.08 crore.
ONGC’s valuation climbed Rs 2,523.87 crore to Rs 2,38,056.51 crore and RIL went up by Rs 1,994.67 crore to Rs 3,22,277.96 crore.
The m—cap of ITC moved up by Rs 1,124.64 crore to Rs 2,77,226.72 crore while HDFC jumped Rs 736.8 crore to Rs 1,98,945.92 crore.
On the other hand, SBI’s valuation plunged Rs 11,450.09 crore to Rs 2,02,569.67 crore and of HDFC Bank dropped by Rs 5,723.11 crore to Rs 3,03,146.48 crore.
CIL lost Rs 1,738.08 crore to Rs 1,88,767.31 crore.
In terms of ranking of the top—10 firms, TCS retained its numero—uno status followed by RIL, HDFC Bank, ITC, ONGC, Infosys, SBI, HDFC, CIL and HUL.
Both Sensex and Nifty ended the last week higher by 166.10 points (0.63 per cent) and 40.20 points (0.49 per cent), respectively.