The combined market valuation of top nine Sensex firms advanced by a whopping Rs. 1.39 lakh crore with energy majors ONGC and RIL emerging as the star performers, while TCS saw a marginal dip last week when stock market recorded life-time highs.
Barring TCS, which is the most valued Indian firm in terms of market capitalisation, the rest nine of the top 10 including ITC, CIL and HDFC Bank saw a cumulative addition of Rs. 1,39,604.22 crore in their m-cap.
The market valuation of ONGC surged Rs. 31,826.42 crore to Rs. 3,29,343.59 crore, helping it become the top gainer in the domestic market capitalisation chart.
RIL’s value soared Rs. 26,876.26 crore to Rs. 3,49,245.93 crore. Coal India’s m-cap zoomed by Rs. 23,117.9 crore to Rs. 2,18,325.14 crore.
The M-cap of SBI gained Rs. 18,037.2 crore to Rs. 1,80,245.14 crore, HDFC Bank surged Rs. 11,404.92 crore to Rs. 1,93,211.33 crore and ICICI Bank added Rs. 10,411.5 crore to end with Rs. 1,69,230.12 crore valuation.
ITC’s market value jumped Rs. 9,583.59 crore to Rs. 2,84,366.06 crore, Tata Motors’ m-cap rose Rs. 4,186.09 crore to Rs. 1,21,180.09 crore and Infosys’ valuation moved up by Rs. 4,160.34 crore to Rs. 1,82,483.64 crore.
In contrast, TCS’ m-cap declined Rs. 714.93 crore to Rs. 4,22,605.36 crore.
The top-10 companies list has TCS at the number one position, followed by RIL, ONGC, ITC, CIL, HDFC Bank, Infosys, SBI, ICICI Bank and Tata Motors.
The Sensex had surged 1,470 points to hit a new life-time high of 25,375.63 on Friday fuelled by hopes that the BJP government would fast-track reforms and accelerate economic activity. It later closed at a record 24,121.74, a gain of 216.14 points.
Over the past week, the Sensex gained 1,127.51 points to 24,121.74.