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