Sensex cos add nearly Rs 86,000 cr in m-cap
Eight of the top-10 most valued companies in the BSE Sensex added Rs 85,929 crore to their combined market capitalisation (m-cap) last week, with energy majors RIL and ONGC stealing the show.business Updated: Oct 30, 2011 10:39 IST
Eight of the top-10 most valued companies in the BSE Sensex added Rs 85,929 crore to their combined market capitalisation (m-cap) last week, with energy majors RIL and ONGC stealing the show.
Market leader Reliance Industries Ltd (RIL) saw its market value advance by Rs 20,496 crore to Rs 2,94,025 crore, as on Friday.
Similarly, state-owned ONGC's worth surged by Rs 16,427 crore to Rs 2,43,489 crore amid a strong market which saw the 30-scrip benchmark Sensex gain 6% during the week.
M-cap of country's largest software services exporter TCS jumped Rs 13,975 crore to Rs 2,19,140 crore, while the value of the second biggest IT company Infosys spurted Rs 7,863 crore to Rs 1,64,201 crore.
State-owned Coal India's market-cap rose to Rs 2,13,524 crore after it added Rs 5,811 crore.
FMCG honcho ITC saw its m-cap swell by Rs 8,939 crore to Rs 1,67,236 crore, while telecom giant Bharti Airtel saw an addition of Rs 4,709 crore, taking its worth to Rs 1,48,217 crore.
Power utility NTPC's m-cap climbed Rs 7,709 crore to Rs 1,47,263 crore.
In contrast, state-owned lender SBI and private lender HDFC Bank saw erosion in their market value.
SBI's m-cap dropped Rs 2,641 crore to Rs 1,21,094 crore, while HDFC Bank saw a dip of Rs 888 crore to Rs 1,12,687 crore.
RIL retained the top slot, while ONGC held the title of second most valued company.
TCS emerged as the third most valued company, while CIL slipped to the fourth place, followed by ITC, Infosys, Bharti, NTPC, SBI and HDFC Bank.
Sensex gained 6% during the week to reach 17,804.80 points.