Eight of top 10 firms add 90,845 crore in m-cap; RIL tops chart1 min read . Updated: 10 Mar 2019, 10:53 AM IST
- TCS, HDFC Bank, ITC, HDFC, SBI, ICICI Bank and Kotak Mahindra Bank witnessed rise in their market capitalisation
- HUL and Infosys saw losses last week
New Delhi: Eight of the 10 most valued Indian companies together added ₹90,844.8 crore in market valuation last week in an overall strong broader market, with RIL topping the list.
TCS, HDFC Bank, ITC, HDFC, SBI, ICICI Bank and Kotak Mahindra Bank were also on the gainers' side, while HUL and Infosys suffered losses in their market capitalisation (m-cap) for the week ended Friday.
During the last week, the Sensex gained 607.62 points or 1.68 per cent to close at 36,671.43 on Friday.
RIL's valuation zoomed by ₹25,291.28 crore to ₹8,02,855.44 crore, the biggest jump among the top-10 firms.
The market valuation of ITC jumped ₹17,459.57 crore to ₹3,57,829.21 crore and that of HDFC Bank rose sharply by ₹12,085.45 crore to ₹5,79,121.61 crore.
The m-cap of Tata Consultancy Services (TCS) advanced ₹11,501.06 crore to ₹7,58,844.76 crore and that of ICICI Bank climbed ₹10,737.8 crore to ₹2,38,508.24 crore.
SBI's valuation spurted ₹7,407.43 crore to ₹2,51,004.70 crore and that of HDFC moved up by ₹4,206.13 crore to ₹3,24,086.86 crore.
Kotak Mahindra Bank added ₹2,156.08 crore to its m-cap to reach ₹2,36,195.53 crore.
On the other hand, the valuation of Infosys tumbled ₹12,494.4 crore to ₹3,11,288.32 crore and that of Hindustan Unilever Ltd (HUL) tanked ₹7,345.07 crore to ₹3,68,210.70 crore.
In the ranking of top-10 firms, RIL was at the number one position, followed by TCS, HDFC Bank, HUL, ITC, HDFC, Infosys, SBI, ICICI Bank and Kotak Mahindra Bank. PTI SUM ABM ABM