Top 8 firms add Rs 37,399 cr in market value; RIL, Infy shine
In sync with buoyant stock markets, the combined valuation of top-eight Sensex firms has risen by Rs 37,399 crore, led by smart gains in RIL, TCS and Infosys.
Mumbai: In sync with buoyant stock markets, the combined valuation of top-eight Sensex firms has risen by Rs 37,399 crore, led by smart gains in RIL, TCS and Infosys.
The companies saw rise in market capitalisation amid an overall rally in the stock market, where the BSE 30-stock index, Sensex, rose by about 2 percent to 17,749.65 during the past week.
ITC and HDFC Bank, however, saw erosion in m-cap.
The BSE and the National Stock Exchange held a special trading session for about two hours on Saturday.
The market value of Reliance Industries Ltd (RIL) soared Rs 7,606 crore to Rs 2,57,435 crore, while Infosys added Rs 7,043 crore to its m-cap at Rs 1,43,322 crore. TCS's value climbed Rs 7,007 crore at Rs 2,70,703?crore.
State-owned Coal India added Rs 4,801 crore at Rs 2,27,610 crore in m-cap, Hindustan Unilever Ltd's value moved up by Rs 4,700 crore at Rs 1,16,702 crore and that of SBI climbed Rs 3,386 crore at Rs 1,27,193?crore.
The market cap of NTPC surged Rs 2,556 crore to Rs 1,41,038 crore, while ONGC added Rs 300 crore at Rs 2,36,559 crore.
On the other hand, ITC's value plunged Rs 3,251 crore to reach Rs 2,06,322 crore, while HDFC Bank lost Rs 1,060 crore taking its m-cap to Rs 1,39,137 crore.
TCS continued to rule the top-10 Sensex list, followed by RIL, ONGC, CIL, ITC, Infosys, NTPC, HDFC Bank, SBI and HUL.