Top 7 cos add Rs 38,623 crore in market valuation
Top seven companies together added Rs 38,622.89 crore in market valuation last week, with software major TCS emerging as the biggest gainer.
New Delhi: Top seven companies together added Rs 38,622.89 crore in market valuation last week, with software major TCS emerging as the biggest gainer.
Barring ITC and CIL, the remaining seven companies, including RIL, Infosys, HDFC Bank and Sun Pharma saw a rise in their market capitalisation for the trading week ended Wednesday.
Stock market was closed on Thursday and Friday for Holi and Good Friday.
The valuation of TCS surged by Rs 9,349.68 crore to Rs 4,87,621.80 crore, registering the biggest gain among the top ten listed companies.
Sun Pharma's market capitalisation climbed by Rs 7,388.47 crore to Rs 2,03,748.57 crore while that of HUL went up by Rs 5,745.08 crore to Rs 1,88,819.37 crore.
Among others, the valuation of HDFC jumped by Rs 5,658.11 crore to Rs 1,83,751.21 crore. In the case of HDFC Bank, the market capitalisation rose by Rs 5,105.76 crore to Rs 2,65,108.04 crore.
The market capitalisation of Infosys went up by Rs 4,031.14 crore to Rs 2,77,413.49 crore whereas Reliance Industries Ltd (RIL) saw its valuation increase by Rs 1,344.65 crore to Rs 3,33,521.08 crore.
On the other hand, ITC's valuation dipped by Rs 271.66 crore to Rs 2,61,051.39 crore. Coal India Ltd (CIL) too saw its market capitalisation slide marginally by Rs 31.59 crore to Rs 1,87,975 crore.
The market valuation of ONGC remained unchanged at Rs 1,83,558.04 crore.
TCS was at the numero-uno position followed by RIL, Infosys, HDFC Bank, ITC, Sun Pharma, HUL, CIL, HDFC and ONGC.
Over the last week, the BSE 30-share index gained 1.5 percent to end at 25,337.56 points.