As the benchmark BSE Sensex rose sharply by 858 points last week, nine of the top 10 most valued companies saw a combined addition of Rs 80,086.27 crore in market capitalisation, with ONGC grabbing the biggest gain.
Over the past week, the Sensex surged 858.56 points to 27,079.51 — its second straight weekly rise.
Barring Infosys, rest nine companies, including TCS, RIL and ITC saw their market valuation rise.
The market capitalisation (m-cap) of ONGC surged by Rs 26,393.68 crore to Rs 2,25,137.72 crore.
HDFC’s valuation soared by Rs 14,427.87 crore to Rs 2,03,630.97 crore and ITC added Rs 11,598.28 crore to Rs 2,75,509.44 crore.
The m-cap of RIL climbed by Rs 7,788.42 crore to Rs 2,87,038.02 crore and that of SBI jumped by Rs 5,901.65 crore to Rs 1,84,010.41 crore.
CIL’s market cap zoomed by Rs 4,705.69 crore to Rs 2,12,008.77 crore and of HDFC Bank advanced by Rs 4,369.07 crore to Rs 2,73,425.42 crore.
Similarly, the valuation of Sun Pharma rose by Rs 3,754.04 crore to Rs 2,18,107.35 crore and of TCS went up by Rs 1,147.57 crore to Rs 5,18,192.99 crore.
In contrast, Infosys saw its m-cap decline by Rs 1,240.35 crore to Rs 2,68,248.68 crore.
The top 10 companies list was topped by TCS, followed by RIL, ITC, HDFC Bank, Infosys, ONGC, Sun Pharma, CIL, HDFC and SBI.