Top 6 firms gain Rs 22,654 cr in m-cap; ITC, HDFC Bank shine
Mumbai: Led by ITC and HDFC Bank, six out of the 10 most valued companies on the BSE gained a total Rs 22,654 crore in terms of market capitalisation (m-cap) in a bullish market last week.
TCS, Coal India, ITC, HDFC Bank, Infosys and HDFC saw rise in their m-cap in an overall bullish stock market.
The market value of FMCG major ITC soared by Rs 9,161 crore to Rs 2,25,042 crore.
HDFC Bank was the second biggest gainer as its m-cap surged Rs 6,389 crore to Rs 1,58,139 crore.
Coal India's value jumped Rs 4,138 crore to Rs 2,25,810 crore, while Infosys' m-cap rose by Rs 1,961 crore to Rs 1,36,437 crore.
HDFC added Rs 584 crore taking its market valuation to Rs 1,19,644 crore, while TCS's value climbed Rs 421 crore to Rs 2,52,109 crore.
On the other hand, NTPC saw the steepest loss as its market value plummeted by Rs 5,524 crore to Rs 1,31,515 crore.
Among others, ONGC lost Rs 3,721 crore to Rs 2,14,828 crore, while the m-cap of SBI slipped by Rs 1,194 crore to Rs 1,40,228?crore.
The valuation of Reliance Industries Ltd, too, fell by Rs 761 crore to Rs 2,50,138 crore.
TCS continued to rule the domestic market capitalisation list, followed by RIL, CIL, ITC, ONGC, HDFC Bank, SBI, Infosys, NTPC and HDFC.