M-cap: Nine blue chip cos add Rs 50,630 cr; ONGC top gainer
Mumbai: Led by a smart upmove in the market value of state-run energy major ONGC, the combined market capitalisation (m-cap) of top nine Sensex companies advanced by Rs 50,630 crore last week.
Barring ITC, the rest of nine blue chip companies, including ONGC, RIL, TCS and CIL saw a spurt in their market cap in an overall bullish stock market.
The market value of ONGC soared by Rs 16,170 crore to Rs 2,43,617 crore. Shares of the company zoomed up by over 7 percent during the past week.
SBI was the second biggest gainer in the domestic market capitalisation chart as its value surged Rs 7,184 crore to Rs 1,66,741 crore.
Market leader RIL saw a jump of Rs 6,601 crore at Rs 2,78,498 crore in its m-cap, while TCS added Rs 6,302 crore at Rs 2,53,949 crore.
Coal India's m-cap climbed Rs 5,590 crore to reach Rs 2,29,189?crore, while ICICI Bank's value moved up by Rs 4,607 crore at Rs 1,36,324 crore.
Among others, the m-cap of NTPC rose by Rs 1,856 crore to Rs 1,30,773 crore, Infosys added Rs 1,717 crore to Rs 1,34,847 crore, while the value of HDFC Bank shot-up by Rs 603 crore to Rs 1,60,650 crore.
In contrast, ITC's m-cap dropped by Rs 5,313 crore to Rs 2,22,278 crore.
RIL was at the top followed by TCS, ONGC, CIL, ITC, SBI, HDFC Bank, ICICI Bank, Infosys and NTPC.