Seven blue-chip companies' market value surges by Rs 27,552 cr
Mumbai: Seven of the top 10 companies on the S&P BSE Sensex saw a surge of Rs 27,552 crore in their combined market valuation last week, with IT major TCS emerging as the biggest gainer.
While TCS, ONGC, Infosys, Coal India, HDFC Bank, Hindustan Unilever and HDFC gained, the market capitalisation of Reliance Industries, ITC and Bharti Airtel declined.
The m-cap of TCS increased by Rs 9,375 crore to Rs 3,57,799 crore in the past week. The company's shares gained 2.7 percent to Rs 1,828.10 on Friday.
State-run Coal India's market value rose by Rs 7,232 crore to Rs 1,70,415 crore. HDFC Bank added Rs 4,313 crore to Rs 1,45,165 crore, while ONGC's value climbed Rs 3,979 crore to Rs 2,36,602 crore.
The market value of Infosys went up by Rs 1,372 crore to Rs 1,72,184?crore, while Hindustan Unilever saw a rise of Rs 660 crore to Rs 1,30,083 crore and HDFC's m-cap jumped Rs 621 crore to Rs 1,15,082 crore.
In contrast, Bharti lost Rs 10,893 crore to Rs 1,23,359 crore. The market cap of ITC plunged by Rs 9,331 crore to Rs 2,43,762?crore and RIL's value fell by Rs 1,970 crore to Rs 2,64,516 crore.
TCS remained at the numero-uno position on the list of top 10 companies, followed by RIL, ITC, ONGC, Infosys, CIL, HDFC Bank, HUL, Bharti and HDFC.
The broader market was sluggish and the benchmark Sensex fell 0.42 percent to 18,519.44 on Friday from a week earlier.