Top firms add Rs2 trillion in a minute; RIL leads gain

Top firms add Rs2 trillion in a minute; RIL leads gain
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First Published: Mon, May 18 2009. 07 04 PM IST
Updated: Mon, May 18 2009. 07 04 PM IST
Mumbai: The country’s top 10 firms witnessed an over Rs2.27 lakh crore addition to their market valuation, with Reliance Industries contributing the most to the club’s kitty, as the Bombay Stock Exchange benchmark Sensex recorded its historic single day gain on Monday.
Mukesh Ambani-led Reliance Industries Ltd added Rs70,136 crore to its valuation in just a minute, taking its total market cap to Rs3,76,752 crore. Shares of RIL jumped over 20% to Rs2,350 on the BSE.
The coveted club of top-10 valued firms, comprising six public sector companies and four private sector players, added Rs2,27,318 crore to take its valuation to Rs15,13,829 crore.
At the end of Friday’s trade, the market cap of coveted club was Rs12,86,511 crore.
The 30-share Bombay Stock Exchange Sensex zoomed 2,111 points and hit the upper circuit to close at 14,284.21 points. It surged 1,305.97 points at 13,479.39 in opening trade and hit the upper circuit following which trading was halted for two hours. After the trading was resumed, the Sensex soared 806 points at 14,284.21 which triggered a halt for the day.
The shuffling in the elite club saw Bharti Airtel moving up one place to the third by adding Rs22,818 crore, while NTPC slipped to fourth after adding Rs18,470 crore.
Market cap of Bharti Airtel stood at Rs1,74,645 crore and NTPC at Rs1,73,155 crore at the closure of trade today.
State-run entities witnessed a gain on the bourses in terms of their valuation, while ONGC added Rs22,897 crore, mining major NMDC and trading firm MMTC — added Rs17,405 crore and Rs16,792 crore, respectively, to their market cap.
The country’s largest public sector lender, State Bank of India, jumped up one slot to the eighth, while Infosys slipped to ninth slot from earlier fifth.
SBI added Rs17,297 crore to its market cap taking its total valuation to Rs1,00,609 crore, while IT bellwether Infosys Technologies added Rs8,930 crore.
Power equipment supplier BHEL added Rs27,345 crore and diversified conglomerate ITC added Rs5,226 crore at the end of trade today.
Besides, the top-10 club two private sector banks — ICICI Bank and HDFC Bank together added Rs19,501 crore, respectively.
At the end of trade today, ICICI Bank added Rs11,194 crore taking its total market cap to Rs75,145 crore and HDFC Bank added Rs8,307 crore to Rs58,712 crore.
RIL, the numero-uno in the list, is followed by ONGC (Rs1,96,776 crore), Bharti Airtel (Rs1,74,645 crore), NTPC (Rs1,73,155 crore), Bhel (Rs1,10,925 crore), NMDC (Rs1,04,470 crore), MMTC (Rs1,00,754 crore), SBI (Rs1,00,609 crore), Infosys (Rs1,00,255 crore), ITC (Rs75,488 crore).
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First Published: Mon, May 18 2009. 07 04 PM IST
More Topics: MCap | Gains | Markets | Stocks | Sensex |