Market-cap of top 10 companies swells by Rs 98,598 cr, ITC biggest gainer

Driven by a sharp rally in the stock market last week, the combined market valuation of top- 10 most valued Indian companies soared by a whopping Rs 98,598 crore, with ITC emerging as the biggest mover.

PTI| Updated: May 29, 2016, 15:04 PM IST
Market-cap of top 10 companies swells by Rs 98,598 cr, ITC biggest gainer

New Delhi: Driven by a sharp rally in the stock market last week, the combined market valuation of top- 10 most valued Indian companies soared by a whopping Rs 98,598 crore, with ITC emerging as the biggest mover.

The market capitalisation (m-cap) of ITC skyrocketed by Rs 23,739.27 crore to Rs 2,89,256.86 crore, scooping up the biggest gain among the top 10 firms.

RIL's valuation soared Rs 12,495.16 crore to Rs 3,15,263.60 crore and that of HDFC jumped Rs 12,227.71 crore to Rs 1,98,703.68 crore.

The m-cap of HDFC Bank advanced by Rs 11,900.05 crore to Rs 3,00,308.60 crore and that of HUL went up by Rs 10,581.65 crore to Rs 1,86,433.99 crore.

Infosys' valuation jumped Rs 10,255.86 crore to Rs 2,86,291.18 crore and Sun Pharma saw its m-cap climb Rs 8,050.39 crore to Rs 1,98,672.60 crore.

The market cap of TCS rose Rs 7,881.71 crore at Rs 5,06,803.92 crore while CIL added Rs 1,294.85 crore at Rs 1,77,710.91 crore and ONGC Rs 171.11 crore at Rs 1,82,360.27 crore.

This is how they stack up in terms of final valuation: TCS retained the number one spot followed by RIL, HDFC Bank, ITC, Infosys, HDFC, Sun Pharma, HUL, ONGC and CIL.

For the week, the Sensex climbed 1,351.70 points, or 5.34 per cent, while NSE Nifty surged 406.95 points, or 5.25 per cent. For both the indices, the jump is their biggest weekly gain since March 4