The market valuation of nine of the top 10 most valued companies in the country advanced by Rs 47,404 crore last week,with more than a third of the gains accounted for by state-owned energy giant ONGC.
The market capitalisation (m-cap) of TCS,Reliance Industries,ONGC,ITC,Infosys,Coal India,HDFC Bank,Hindustan Unilever and HDFC gained. Telecom major Bharti Airtel was the sole loser among the top 10 companies.
ONGC’s market value shot up by Rs 17,411 crore to Rs 2,55,381 crore,the top gainer on the list.
ITC was the second-biggest gainer after its m-cap soared by Rs 9,399 crore to Rs 2,53,925 crore.
The market cap of Hindustan Unilever jumped Rs 4,868 crore to Rs 1,28,556 crore,while mortgage lender HDFC’s value climbed Rs 4,717 crore to Rs 1,28,510 crore and that of HDFC Bank rose by Rs 4,576 crore to Rs 1,58,248 crore.
Reliance’s valuation surged Rs 2,995 crore to Rs 2,75,657 crore,while Coal India added Rs 2,432 crore to Rs 1,71,552 crore.
The market cap of TCS went up by Rs 764 crore to Rs 3,92,646 crore,while that of rival Infosys rose by Rs 242 crore to Rs 1,92,570 crore.
Bharti Airtel lost Rs 3,658 crore in valuation to Rs 1,30,794 crore.
The top-10 firms list was topped by TCS,followed by Reliance,ONGC,ITC,Infosys,Coal India,HDFC Bank,Bharti Airtel,Hindustan Unilever and HDFC.
Over the past week,the Sensex added 574.54 points to clock its first gain after three successive weeks of declines. The index fell about 373 points last month,after a record close of 21,239.36 on November 3.