HDFC, ITC lead as top eight cos add Rs 21,296 crore in market valuation
Eight of the top 10 most valued companies together added Rs 21,296 crore in market valuation during the past week, with HDFC and ITC walking away with the largest share of gains.
New Delhi: Eight of the top 10 most valued companies together added Rs 21,296 crore in market valuation during the past week, with HDFC and ITC walking away with the largest share of gains.
Barring Infosys and CIL, the rest of the eight companies, including TCS, RIL, HDFC Bank, Sun Pharma, HUL and ONGC saw a jump in their market capitalisation (m-cap) amid a positive broader market.
The m-cap of HDFC surged Rs 4,777.47 crore to Rs 1,83,004.82 crore, the maximum growth in its valuation among the top 10 firms.
ITC's valuation climbed Rs 4,100.76 crore to Rs 2,58,187.17 crore and that of ONGC soared Rs 3,507.75 crore to Rs 1,75,473.10 crore.
The m-cap of RIL increased by Rs 3,012.13 crore to Rs 3,29,082.12 crore and Sun Pharma added Rs 2,539.03 crore to Rs 2,08,838.67 crore.
HDFC Bank's valuation advanced Rs 1,870.26 crore to Rs 2,59,928.45 crore and that of TCS by Rs 1,369.45 crore to Rs 4,66,203.25 crore.
Similarly, HUL saw its m-cap rise by Rs 119.01 crore to Rs 1,83,745.09 crore.
In stark contrast, Infosys valuation tumbled Rs 6,442.93 crore to Rs 2,62,425.93 crore and that of CIL plunged Rs 3,884.56 crore to Rs 2,01,523.61 crore.
TCS was in the numero-uno position in the domestic market cap chart followed by RIL, Infosys, HDFC Bank, ITC, Sun Pharma, CIL, HUL, HDFC and ONGC.
Markets ended in the green for the second consecutive week as the Sensex and Nifty firmed up by another 72 points and 25 points, respectively, on sustained foreign capital inflows.