HDFC Bank leads as seven of top 10 cos add Rs 49,642 crore in market cap
HDFC Bank's m-cap surged the most by Rs 11,998.43 crore to Rs 3,95,547.46 crore.
Seven of the 10 most valued listed companies together added Rs 49,642.58 crore in market valuation last week, with HDFC Bank stealing the show with the maximum gain.
Among the gainers, HDFC Bank's m-cap surged the most by Rs 11,998.43 crore to Rs 3,95,547.46 crore.
The valuation of ONGC zoomed Rs 8,213.27 crore to Rs 2,39,083.17 crore and IOC saw a jump of Rs 7,429.53 crore to Rs 2,13,586.98 crore.
ITC added Rs 5,162.64 crore to Rs 3,38,426.09 crore in its m-cap, while HDFC rose by Rs 4,750.11 crore to Rs 2,44,185.90 crore.
On the other hand, TCS suffered a loss of Rs 7,704.38 crore to Rs 4,47,700.93 crore.
RIL, the country's most valued firm, also saw an erosion of Rs 1,609.41 crore from its market valuation to Rs 4,53,495.92 crore.
Reliance Industries, early last week, reclaimed its status as the country's most valued firm by m-cap after a gap of four years, replacing IT major TCS from the top position.
Besides, Infosys' m-cap fell by Rs 987.69 crore to Rs 2,11,181.09 crore.
In the ranking of top-10 firms, RIL stood at number one position followed by TCS, HDFC Bank, ITC, HDFC, ONGC, SBI, IOC, Infosys and HUL.
Over the past week, the Sensex and Nifty gained 553.10 points (1.88 per cent) and 184.65 points (2.02 per cent), respectively.Disclosure: Reliance Industries owns Network 18 which publishes Moneycontrol.