The combined market capitalisation of seven most valued companies of the country surged by over Rs 41,000 crore last week, with Coal India and HDFC emerging as the biggest gainers among the top-10 entities.
In the top-10 list, RIL, ITC, CIL, HDFC Bank, HDFC, ICICI Bank and NTPC saw rise in their market value, while ONGC, TCS and SBI suffered losses in their market capitalisation.
State-run Coal India Ltd’s m-cap soared by Rs 12,538 crore to Rs 2,01,555 crore, mirroring the over 6 per cent jump in share prices last week.
Mortgage lender HDFC added Rs 8,325 crore taking its market cap to Rs 1,34,661 crore. State-run NTPC saw a rise of Rs 7,338 crore to finish the week at Rs 1,27,639 crore in m-cap.
The market value of HDFC Bank increased by Rs 3,757 crore to Rs 1,63,871 crore and RIL climbed Rs 3,672 crore to Rs 2,56,640 crore.
ITC’s value shot up by Rs 2,884 crore to Rs 2,52,028 crore, while ICICI Bank’s market cap spurted by Rs 2,493 crore to Rs 1,32,026 crore.
However, TCS lost Rs 16,148 crore to end the week at Rs 2,67,786 crore in m-cap, ONGC’s value skidded by Rs 8,726 crore to Rs 2,77,497 crore and that of SBI fell by Rs 298 crore to Rs 1,53,639 crore.
In the ranking of top-10 companies, ONGC remained at the top position, followed by TCS, RIL, ITC, CIL, HDFC Bank, SBI, HDFC, ICICI Bank and NTPC.
IT major Infosys made its way out of the top-10 list, slipping to eleventh position.
The BSE benchmark Sensex gained 1.42 per cent to close the week at 19,286.72.