Sunday, February 21, 2016

Top 9 Sensex cos add Rs 75,585 cr in market cap as stocks recover

As the stock market witnessed a sharp recovery, snapping two-week losing streak, nine of the top-10 most valued companies together added Rs 75,585.19 crore in market capitalisation last week.

Barring HDFC, rest of the nine companies, including TCS, RIL and ONGC saw a rise in their market capitalisation (m-cap) amid recovery in the broader market where the BSE benchmark index Sensex recovered by 723 points or 3.14 per cent to end at 23,709.15.

The m-cap of TCS surged by Rs 18,462.91 crore to Rs 4,57,178.69 crore, the most among the top-10 firms.

ONGC’s valuation zoomed Rs 15,057.66 crore to reach Rs 1,80,649.17 crore and that of RIL by Rs 12,391.63 crore to Rs 3,06,000.41 crore.

The market cap of Infosys soared by Rs 9,658.66 crore to Rs 2,58,532.61 crore; CIL (by Rs 5,716.31 crore to Rs 1,97,417.97 crore) and HDFC Bank (Rs 3,713.36 crore to Rs 2,49,590.63 crore).

Sun Pharma’s valuation jumped Rs 3,706.17 crore, to Rs 2,07,870.61 crore and that of ITC climbed as much as Rs 3,697.6 crore to Rs 2,45,046.31 crore.

Similarly, the m-cap of HUL went up by Rs 3,180.89 crore to Rs 1,78,659.99 crore.

In contrast, HDFC’s valuation fell by Rs 3,615.64 crore to Rs 1,67,479.74 crore.

The ranking of top—10 firms in the domestic market cap chart stood as: TCS, RIL, Infosys, HDFC Bank, ITC, Sun Pharma, CIL, ONGC, HUL and HDFC.

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