Top eight cos add Rs 35,841 cr in mcap; CIL, TCS's value spurt
Mumbai: Fuelled by a rally in the market value of Coal India and TCS, the combined valuation of top eight Sensex companies surged Rs 35,841 crore last week.
Reliance Industries Ltd and SBI, however, saw dip in their value, while TCS, ONGC, CIL, ITC, HDFC Bank, Infosys, NTPC and HUL witnessed rise in their m-cap. The 30-share Sensex gained 0.5 percent in the same period.
The market cap of CIL soared Rs 10,391 crore to Rs 2,31,747 crore. Shares of the PSU firm rallied 4.69 percent during the past week.
TCS's value jumped Rs 8,915 crore to Rs 2,58,940 crore, while Infosys added Rs 5,395 crore taking its m-cap to Rs 1,40,419 crore. The market value of ONGC rose by Rs 4,449 crore to Rs 2,45,628 crore.
ITC added Rs 2,585 crore to Rs 2,07,693 crore in its m-cap, while the market value of NTPC moved up by Rs 330 crore to Rs 1,39,059 crore. The m-cap of HDFC Bank climbed Rs 188 crore to Rs 1,40,421 crore.
Similarly, the new entrant in the list Hindustan Unilever Ltd added Rs 3,588 crore to end the week at Rs 1,12,131 crore.
On the other hand, RIL saw an erosion of Rs 10,680 crore from its m-cap which was Rs 2,53,114 crore, while SBI lost Rs 101 crore to Rs 1,27,149 crore.
TCS topped the list of top-10 companies in terms of market cap, followed by RIL, ONGC, CIL, ITC, HDFC Bank, Infosys, NTPC, SBI and HUL.
TCS had on Thursday surpassed Reliance Industries to become the country's most valued company.