Tracking the extremely buoyant sentiment in the stock market, the combined market wealth of top seven Sensex companies surged by a whopping Rs. 97,394 crore last week.
In the list of top-10 companies, RIL, ONGC and ICICI Bank were the star performers with maximum gains, while the IT pack- TCS, Infosys and Wipro – suffered losses in their market capitalisation (m-cap) for the week ended March 7.
The m-cap of RIL shot-up by Rs. 22,562 crore to Rs. 2,80,852 crore, while ONGC added Rs. 20,447 crore to Rs. 2,69,882 crore. ICICI Bank’s market value zoomed Rs. 18,225 crore to Rs. 1,38,723 crore, while CIL’s m-cap surged Rs. 12,917 crore to Rs. 1,67,036 crore.
Similarly, the valuation of HDFC Bank jumped Rs. 10,512 crore to Rs. 1,70,533 crore, ITC’s value soared Rs. 7,985 crore to Rs. 2,68,215 crore and that of HDFC went up by Rs. 4,746 crore to Rs. 1,32,347 crore.
On the other hand, TCS lost Rs. 9,343 crore to Rs. 4,35,836 crore, while Wipro’s value dipped Rs. 7,690 crore to Rs. 1,39,459 crore.
The m-cap of Infosys fell by Rs. 4,551 crore to Rs. 2,14,818 crore.
In the ranking of top-10 firms, TCS continued to remain at the apex position followed by RIL, ONGC, ITC, Infosys, HDFC Bank, CIL, Wipro, ICICI Bank and HDFC.
Meanwhile, the BSE 30-share benchmark Sensex hit a lifetime intra-day high of 21,960.89 on Friday before settling at 21,919.79. Over the week, the Sensex has seen a spurt of nearly 800 points or 3.79 per cent.