5 of 10 most valued cos add Rs 94,689 cr to mcap; SBI shines

The combined market valuation of

five of the 10 most valued Indian companies zoomed Rs94,688.93

crore last week, mainly helped by a stellar rally in SBI.

While Reliance Industries Ltd (RIL), SBI, Maruti, ONGC

and Infosys saw a rise in their market capitalisation (m-cap)

for the week ended Friday, TCS, HDFC Bank, ITC, HUL and HDFC

suffered losses.

State Bank of India (SBI) was the star performer as its

mcap surged Rs 57,618.94 crore to Rs 2,68,413.61 crore. On

Wednesday, SBI shares had zoomed 27.58 per cent after the

government announced a Rs 2.11 lakh crore recapitalisation

plan for PSU banks.

The valuation of ONGC soared Rs 11,999.07 crore to Rs

2,35,554.03 crore and that of RIL jumped Rs 9,964.18 crore to

Rs 5,88,601.05 crore.

Maruti Suzuki India's m-cap rose by Rs 9,823.65 crore to

Rs 2,45,131.93 crore while that of Infosys advanced by Rs

5,283.09 crore to Rs 2,17,628.63 crore.

In contrast, the market valuation of HDFC Bank slumped Rs

19,767.58 crore to Rs 4,63,336.43 crore.

HDFC lost Rs 8,717.19 crore to Rs 2,70,847.09 crore and

Tata Consultancy Services (TCS) suffered an erosion of Rs

1,885.57 crore to Rs 4,93,733.06 crore.

The m-cap of Hindustan Unilever Ltd (HUL) fell by Rs

1,471.84 crore to Rs 2,72,161.54 crore and that of ITC went

down by Rs 1,218.36 crore to Rs 3,28,166.52 crore.

In the ranking of top-10 firms, RIL retained the number

one position, followed by TCS, HDFC Bank ITC, HUL, HDFC, SBI,

Maruti, ONGC and Infosys.

Over the last week, the Sensex recorded handsome gains of

767.26 points or 2.37 per cent -- its best weekly gain since

January 27.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)