Top-seven cos add nearly Rs 77k cr in m-cap

Tags: Stock Market
Helped by a smart rally in the market valuation of IT bellwether TCS, the top-seven most valued Indian companies together added Rs 76,793 crore in their market capitalisation (m-cap) last week.

Amid a strong stock market where the benchmark Sensex gained 485.19 points or 1.89%, top-seven companies, including RIL, ITC, CIL, HDFC Bank, Infosys and HDFC, saw surge in their m-cap.

ONGC, SBI and ICICI Bank, however, suffered losses in their market valuation.

Software giant TCS's market value zoomed Rs 31,790.15 crore to Rs 5,10,238.84 crore, becoming the biggest gainer in the top-10 companies list.

Tata Consultancy Services (TCS), the country's largest software services exporter, had on Wednesday attained a market valuation of over Rs 5 lakh crore, becoming the first company in Indian markets to achieve this milestone.

The m-cap of RIL surged Rs 14,567.71 crore to Rs 3,30,400.89 crore, while HDFC's value soared Rs 13,052.61 crore to Rs 1,66,777.61 crore.

ITC saw its market-cap climb Rs 10,418 crore to Rs 2,84,306.96 crore, while Infosys added Rs 5,693.55 crore to Rs 1,92,504.06 crore.

Similarly, HDFC Bank's value went up by Rs 734.71 crore to Rs 2,01,262.25 crore and that of CIL rose by Rs 536.89 crore to Rs 2,37,621.63 crore.

On the other hand, ONGC lost Rs 8,127.71 crore to Rs 3,42,989.60 crore in its m-cap, while SBI's value declined by Rs 4,498.1 crore to Rs 1,86,732.86 crore.

The m-cap of ICICI Bank fell by Rs 145.2 crore to Rs 1,70,657.58 crore.

In the ranking of top-10 firms, TCS stood at number position, followed by ONGC, RIL, ITC, CIL, HDFC Bank, Infosys, SBI, ICICI Bank and HDFC.

Over the past week, the BSE benchmark Sensex gained 485.19 points or 1.89 per cent to 26,126.75.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • For those who are left to survive a war-torn world, let there be peace

    The hunger games have begun, and they have started reaping our children. There is no way around it.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schöttli

Shifting sands in the Far East

As was to be expected, Japanese prime minister Shinzo Abe ...

Zehra Naqvi

When humanity died, bestiality prevailed

The terrorist attack that killed 132 children in Peshawar has ...

Bubbles Sabharwal

Why self-esteem must be your best friend forever

Two negatives do make a positive! Imagine no doubts, no ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture