Top seven companies add Rs 44,044 crore to investor wealth
New Delhi: With markets continuing their dream run, seven of the ten most valued companies together added Rs 44,043.91 crore in market valuation, with state-run SBI emerging as the biggest gainer.
Barring ONGC, Infosys and Coal India, the balance seven companies including the likes of TCS, RIL, ITC and HDFC Bank saw solid rise in their market capitalisation (m-cap) for the week ended Friday (November 21).
The m-cap of SBI surged Rs 19,563.95 crore to Rs 2,27,742.12 crore, the biggest rise among top-10 blue-chips.
RIL's valuation zoomed Rs 9,154.51 crore to Rs 3,22,655.79 crore, while ITC added Rs 6,653.11 crore to Rs 3,00,502.40 crore.
The market cap of ICICI Bank climbed Rs 4,508.48 crore to Rs 2,00,720.13 crore, while that of TCS jumped Rs 2,017.49 crore to Rs 5,12,462 crore.
Similarly, mortgage lender HDFC's valuation rose by Rs 1,373.58 crore to Rs 1,78,050.58 crore and that of HDFC Bank moved up by Rs 772.79 crore to Rs 2,25,195.99 crore.
On the other hand, ONGC's valuation plunged Rs 8,341.6 crore to Rs 3,28,188.60 crore, CIL lost Rs 5,937.38 crore to Rs 2,19,241.01 crore.
Infosys' m-cap slipped Rs 2,426.14 crore to Rs 2,38,084.06 crore.
TCS yet again topped the list of top-10 most valued companies followed with ONGC, RIL, ITC, Infosys, SBI, HDFC Bank, CIL, ICICI Bank and HDFC.
Over the past week, the BSE 30-share Sensex gained 287.97 points or 1 per cent to conclude at 28,334.63.