Market valuation of top 5 companies advances by Rs 35,349 crore; TCS and SBI biggest gainers

Sunday, 9 August,New Delhi : The combined market valuation of five of the top-10 most valued Indian companies advanced by Rs 35,349.55 crore last week, where TCS and SBI emerged as the biggest gainers.

While TCS, Infosys, ONGC, SBI and Sun Pharma made gains in their market capitalisation (m-cap) for the week ended Friday, others like RIL, HDFC Bank, CIL, ITC and HDFC saw a cumulative loss of Rs 32,562.48 crore.

SBI’s m-cap surged by Rs 8,322.83 crore to Rs 2,12,913.36 crore, while that of TCS jumped by Rs 8,167.9 crore to Rs 4,99,808.62 crore.

ONGC’s valuation climbed by Rs 7,913.83 crore to Rs 2,41,521.49 crore.

Similarly, the market valuation of Sun Pharma rose by Rs 6,913.85 crore to Rs 2,04,901.85 crore and that of Infosys went up by Rs 4,031.14 crore to Rs 2,51,653.26 crore.

On the other hand, CIL took the biggest loss in m-cap that plunged by Rs 15,001.37 crore to Rs 2,62,476.52 crore.

HDFC’s valuation dipped by Rs 6,384.34 crore to Rs 2,04,708.81 crore and that of RIL slumped by Rs 5,588.82 crore to Rs 3,18,714.61 crore.

The m-cap of HDFC Bank fell by Rs 4,345.05 crore to Rs 2,74,728.19 crore.

ITC’s valuation also saw an erosion of Rs 1,242.9 crore to Rs 2,60,327.58 crore.

In the ranking of top-10 firms in terms of their market valuation, TCS stood at the number one position, followed by RIL, HDFC Bank, CIL, ITC, Infosys, ONGC, SBI, Sun Pharma and HDFC.

Over the past week, the BSE Sensex rose by 121.83 points to settle at 28,236.39.