Six Of The Top 10 Firms Add Rs 34,250 Crore In Market Capitalisation, TCS Leads
Six of the 10 most valued Indian companies together added Rs 34,250.18 crore in market valuation last week, with Tata Consultancy Services Ltd. accounting for the lion's share of the gains.
Reliance Industries Ltd., ITC Ltd., Infosys Ltd., State Bank of India and ICICI Bank were the other companies which witnessed a rise in market capitalisation for the week ended Friday, while HDFC Bank, Hindustan Unilever, HDFC and Kotak Mahindra Bank suffered losses.
The market capitalisation of TCS jumped Rs 27,524 crore to Rs 8.45 lakh crore.
ITC's valuation zoomed Rs 2,513 crore to Rs 3.41 lakh crore and that of SBI climbed Rs 1,963 crore to stand at Rs 3.07 lakh crore. The market capitalisation of RIL advanced Rs 1,046 crore to Rs 8.35 lakh crore and that of ICICI Bank rose by Rs 745 crore to Rs 2.70 lakh crore. Infosys added Rs 459 crore to its valuation to reach Rs 3.24 lakh crore.
In contrast, Kotak Mahindra Bank's m-cap dropped Rs 7,359 crore to Rs 2.81 lakh crore and that of HDFC plummeted Rs 4,444 crore to Rs 3.76 lakh crore.
In the order of top-10 firms, TCS was at the number one position, followed by RIL, HDFC Bank, Hindustan Unilever, HDFC, ITC, Infosys, SBI, Kotak Mahindra Bank and ICICI Bank.
During the last week, the Sensex fell 163.83 points or 0.41 percent to close at 39,452.07.