Top 8 cos add Rs 47,381 cr in market value; CIL, Bharti shine
Mumbai: Helped by rally in the market value of Coal India Ltd and Bharti Airtel, top-eight Sensex companies saw their total market valuation climb by a cumulative Rs 47,381 crore last week.
While TCS, RIL, ONGC, CIL, HDFC Bank, Bharti, HDFC and HUL saw rise in their market capitalisation (m-cap), ITC and Infosys suffered losses.
The m-cap of Bharti spurted by Rs 8,675 crore to Rs 1,46,045 crore, making the telecom major the biggest gainer among the top-10 firms.
After Bharti, state-run CIL was the star performer as its valuation surged Rs 8,274 crore to Rs 1,84,532 crore.
RIL's market cap jumped Rs 7,318 crore to Rs 2,93,534 crore, while mortgage lender HDFC added Rs 6,680 crore to its value reaching Rs 1,32,867 crore mark and TCS saw its valuation zoom by Rs 6,312 crore to Rs 4,11,234 crore.
The market value of ONGC rose by Rs 5,091 crore to Rs 2,47,938 crore, while HUL saw its m-cap climb Rs 3,058 crore to Rs 1,31,559 crore and HDFC Bank's valuation soared by Rs 1,973 crore to Rs 1,62,810 crore.
On the other hand, ITC lost Rs 7,453 crore to Rs 2,62,048 crore from its m-cap, while Infosys' value dipped by Rs 2,959 crore to Rs 1,88,320 crore.
In the list of top-10 companies, TCS continued to rule the chart, followed by RIL, ITC, ONGC, Infosys, CIL, HDFC Bank, Bharti, HDFC and HUL.
For the week October 25-November 3, the BSE benchmark Sensex rose by 2.68 percent or 555.84 points.