The combined market valuation of seven of the top 10 most valued Indian companies swelled by Rs 27,904 crore last week, with TCS leading the pack. While TCS, RIL, HDFC Bank, ITC, Infosys, CIL and Sun Pharma saw rise in their market capitalisation (m-cap) for the week ended Friday, HDFC, HUL and ONGC suffered a cumulative erosion of Rs 15,514.92 crore. The m-cap of TCS surged Rs 13,251.13 crore to Rs 4,94,409.93 crore, emerging as the biggest gainer among the top 10 firms. CIL’s valuation zoomed Rs 6,853.25 crore to Rs 2,08,755.84 crore and that of Sun Pharma rallied by Rs 4,175.61 crore to Rs 1,89,587.33 crore. HDFC Bank saw an addition of Rs 1,990 crore to Rs 3,12,178.98 crore in its m-cap, while that of ITC rose by Rs 785.19 crore to Rs 3,01,455.68 crore.
The m-cap of RIL went up by Rs 756.67 crore to Rs 3,29,070.40 crore and that of Infosys jumped Rs 91.88 crore to Rs 2,46,381.77 crore. On the other hand, HUL’s valuation tanked Rs 7,942.78 crore to Rs 1,95,409.74 crore. The m-cap of ONGC plunged Rs 6,844.39 crore to Rs 1,90,316.88 crore and HDFC lost Rs 727.75 crore to Rs 2,14,470.04 crore. In the ranking of top 10 firms, TCS retained its numero uno position, followed by RIL, HDFC Bank, ITC, Infosys, HDFC, CIL, HUL, ONGC and Sun Pharma.
Over the past week, markets turned marginally lower, with Sensex and Nifty down 33.26 points and 0.20 points, respectively.
