Nine of top 10 firms add over ₹69,000 cr in m-cap
Nine of top 10 firms add over ₹69,000 cr in m-cap
Mumbai: The combined market capitalisation (m-cap) of nine of the countries’ top 10 firms increased by ₹ 69,054.86 crore in the past week, with state-run coal entity Coal India stealing the show.
Coal India (CIL), the biggest gainer among the top 10 firms, saw its valuation swelling by ₹ 20,875.57 crore to ₹ 2,05,250.12 crore last week.
Barring telecom player Bharti Airtel rest of the companies, including Reliance Industries (RIL), CIL and ITC were on the gainers side.
FMCG giant ITC displayed a power-packed performance by adding ₹ 12,671.55 crore to its market cap which stood at ₹ 1,33,245.9 crore as on Friday’s trade on the BSE.
The market-worth of corporate leader RIL also accelerated by ₹ 5,202.84 crore to ₹ 3,21,363.1 crore, while oil & gas major ONGC saw an addition of ₹ 4,833.84 crore taking its m-cap to ₹ 2,29,800.19 crore.
Country’s top IT firms — Tata Consultancy Services (TCS) and Infosys Technologies -- together added ₹ 7,697.84 crore to their combined valuations. The m-cap of TCS stood at ₹ 2,22,044.34 crore, while that of Infosys was at ₹ 1,75,847.21 crore.
Among the banks, SBI and ICICI Bank together added ₹ 10,723.36 crore to their cumulative market valuations. SBI’s m-cap stood at ₹ 1,71,460 crore, while that of ICICI was at ₹ 1,16,764.39 crore.
Power producer NTPC’s market-worth advanced by ₹ 7,049.86 crore to ₹ 1,47,593.73 crore.
However, private sector telco Bharti Airtel’s market-cap slipped by ₹ 930.39 crore to ₹ 1,24,083.97 crore.
Meanwhile, during the week, the BSE 30-share benchmark index Sensex gained 785.54 points, or 4.43 per cent, to finally close at 18,486.45 in the previous trade.
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