SBI, ONGC shine as top 8 firms add Rs. 72,095 crore in market capitalisation


SBIIn line with a strong stock market, the combined market valuation of eight of the top-10 blue-chip companies surged Rs. 72,095 crore last week, with Oil and Natural Gas Corp (ONGC), State Bank of India (SBI) and Coal India Ltd (CIL) emerging as star performers.

Except leading IT services exporters Tata Consultancy Services (TCS) and Infosys, rest eight companies saw addition in their market capitalisation for the week ended March 28.

ONGC’s m-cap zoomed by Rs. 17,324 crore to Rs. 2,80,833 crore, making the state-run company the top gainer in the domestic market valuation chart.

SBI’s market value surged by Rs. 14,920 crore to Rs. 1,42,016 crore, while the m-cap of Coal India shot-up by Rs. 14,211 crore to Rs. 1,80,584 crore.

The valuation of RIL soared by Rs. 8,355 crore to Rs. 2,95,444 crore, while ICICI Bank added Rs. 7,033 crore in its market capitalisation to Rs. 1,45,361 crore.

HDFC’s value rose by Rs. 4,908 crore to Rs. 1,36,272 crore, while HDFC Bank added Rs. 3,257 crore to Rs. 1,78,717 crore.

ITC’s m-cap rose by Rs. 2,087 crore to Rs. 2,85,519 crore.

TCS, on the other hand, lost Rs. 3,918 crore to Rs. 4,12,419 crore in its m-cap, while Infosys’ value went down by Rs. 2,082 crore to Rs. 1,87,071 crore.

In the ranking of top-10 firms, TCS enjoyed the numero-uno position, followed by RIL, ITC, ONGC, Infosys, CIL, HDFC Bank, ICICI Bank, SBI and HDFC.

The Sensex ended at a new closing peak of 22,339.97 – rising 584.65 points, or 2.69 per cent – over the last week.