Top six companies add Rs 17,658 crore in m-cap; RIL biggest gainer
Mumbai: The combined market capitalisation (m-cap) of six of the top-10 Sensex companies rose by Rs 17,658 crore last week, with Reliance Industries witnessing the biggest gain of Rs 10,696 crore.
The list of gainers include, RIL, ONGC, CIL, Infosys, SBI and ICICI Bank, while TCS, ITC, HDFC Bank and NTPC saw erosion in their market cap, in an otherwise bullish stock market, where the Sensex gained 0.75 percent.
RIL's m-cap surged Rs 10,696 crore to Rs 2,63,794?crore, with shares of the company gaining 4.22 percent during the week.
ONGC's market value rose by Rs 2,225 crore to Rs 2,41,179?crore, while Infosys added Rs 2,196 crore to Rs 1,35,024 crore.
Similarly, Coal India Ltd saw its m-cap surge Rs 1,168 crore to Rs 2,21,356 crore, while ICICI Bank added Rs 812 crore to its m-cap at Rs 1,10,879 crore. The value of SBI jumped by Rs 561 crore to Rs 1,27,250 crore during last week.
On the other hand, ITC's market worth plunged Rs 4,622 crore to Rs 2,05,108 crore, while NTPC lost Rs 2,969 crore from its m-cap at Rs 1,38,729 crore.
Last week on Thursday, FMCG major ITC's shares came under heavy selling amid fears of regulatory action at home on the lines of a reported ban on logos on cigarette packs in Australia from December 1 this year, following a court order.
HDFC Bank's m-cap slipped by Rs 1,614 crore to Rs 1,40,233 crore, while TCS shed Rs 68 crore to Rs 2,50,025 crore.
RIL topped the market valuation chart, followed by TCS, ONGC, CIL, ITC, HDFC Bank, NTPC, Infosys, SBI and ICICI Bank.