The combined market capitalisation or M-Cap of top seven Sensex companies surged by Rs. 47,365 crore in the week to November 28 with State Bank of India (SBI) and Infosys emerging as big gainers.
Tata Consultancy Services (TCS), HDFC Bank, Coal India Ltd (CIL), ICICI Bank and HDFC were the other five companies that made gains in their market valuation for the week.
Oil and Natural Gas Corp (ONGC), Reliance Industries Ltd (RIL) and ITC Ltd were the only companies among the top ten that saw their M-Cap go down in this period.
SBI’s M-Cap soared by Rs. 12,243.8 crore to Rs. 2,39,985.92 crore while that of Infosys rose by Rs. 12,239.84 crore to Rs. 2,50,323.90 crore.
HDFC Bank’s market cap surged by Rs. 6,126.86 crore to Rs. 2,31,322.85 crore. The M-Cap of TCS went up by Rs. 5,249.39 crore to Rs. 5,17,711.39 crore.
Similarly, the valuation of Coal India jumped by Rs. 4,832.02 crore to Rs. 2,24,073.03 crore, followed by 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 by 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 respectively.
The Sensex gained 359.36 points to settle at 28,693.99 over the week.