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Journalism of Courage
The combined market valuation of top seven Sensex companies surged Rs 47,365 crore last week with SBI and Infosys emerging as big gainers.
TCS, HDFC Bank, CIL, ICICI Bank and HDFC also made gains in their market capitalisation (m-cap) for the week ended Friday (November 28).
ONGC, RIL and ITC were the only companies in the top-10 list that saw their m-cap drop in this period.
The m-cap of SBI soared Rs 12,243.8 crore to Rs 2,39,985.92 crore. Infosys added Rs 12,239.84 crore to Rs 2,50,323.90 crore in its valuation.
HDFC Bank’s market cap surged Rs 6,126.86 crore to Rs 2,31,322.85 crore. The m-cap of TCS climbed Rs 5,249.39 crore to Rs 5,17,711.39 crore.
Similarly, the valuation of Coal India jumped Rs 4,832.02 crore to Rs 2,24,073.03 crore, HDFC (Rs 4,262.91 crore to Rs 1,82,313.49 crore) and ICICI Bank (Rs 2,410.23 crore to Rs 2,03,130.36 crore).
On the other hand, ITC’s market cap tumbled Rs 10,582.48 crore to Rs 2,89,919.92 crore. Investor wealth in ONGC slipped Rs 3,507.75 crore to Rs 3,24,680.85 crore.
RIL lost Rs 2,134.98 crore to Rs 3,20,520.81 crore in its valuation.
In the domestic market cap ranking, TCS continues to top the list, followed by ONGC, RIL, ITC, Infosys, SBI, HDFC Bank, CIL, ICICI Bank and HDFC.
Meanwhile, over the past week, the BSE benchmark Sensex gained 359.36 points to settle at 28,693.99.
