Mumbai, October 18: It was possibly the Reliance effect that fired up stock markets last week, helping the top 10 listed companies post a net gain of Rs 55,000 crore, with more than a third of the addition coming from banking leader SBI.
The 10 most valued companies with a market capitalisation of over Rs 17.7 lakh crore accounted for about 30 per cent of the wealth created by over 4,000 listed entities at the Bombay Stock Exchange, information available with the bourses show.
Reliance Industries’ Diwali bonanza by way of bonus issue to investors that was announced on October 8, continued to occupy the numero-uno position with a market capitalisation of Rs 3.65 lakh crore, reflecting an increase of over Rs 17,000 crore during the week.
But the best performer of the week was State Bank of India, whose market capitalisation appreciated by over Rs 22,000 crore to over Rs 1.
–Agencies