Led by SBI and HDFC Bank , seven out of top 10 Sensex companies saw their combined market valuation rising by Rs 53,841 crore last week.
While SBI, HDFC Bank, ITC , RIL , Infosys , Coal India and ICICI Bank made gains in market capitalisation (m-cap) for the week ended Friday last, TCS , ONGC and HDFC suffered losses. Among 10 Sensex toppers, the m-cap of SBI surged the most by Rs 12,467.77 crore to Rs 2,29,235.27 crore.
HDFC Bank’s valuation soared Rs 11,281.92 crore to Rs 2,66,838.24 crore and that of Coal India climbed Rs 8,432.35 crore to Rs 2,38,442.76 crore. The market cap of ICICI Bank jumped Rs 8,134.69 crore to Rs 1,99,225.69 crore and Infosys added Rs 7,700.51 crore to Rs 2,63,735.19 crore. ITC’s valuation rose by Rs 3,639.95 crore to Rs 3,02,436.10 crore and that of RIL went up by Rs 2,183.97 crore to Rs 2,96,761.76 crore.
On the other hand, ONGC lost Rs 9,453.82 crore to Rs 2,90,801.11 crore from its market valuation and that of TCS slipped Rs 7,315.85 crore to Rs 4,97,252.48 crore. Similarly, the m-cap of HDFC fell by Rs 1,729.65 crore to Rs 1,99,459.54 crore. In the ranking of top-10 firms, TCS retained its numero-uno position followed by ITC, RIL, ONGC, HDFC Bank, Infosys, CIL, SBI, HDFC and ICICI Bank.
Over the past week, the benchmark BSE Sensex ended with a gain of 377 points at 29,094.93.