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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