Eight of top 10 companies add Rs 83,672 crore to m-cap

NEW DELHI: Eight of the 10 most valued Indian companies together added Rs 83,672 crore to their market valuation for last week, with IT major Tata Consultancy Services (TCS) leading the pack.

With the exception of State Bank of India (SBI) and Maruti Suzuki, rest of the eight blue-chip companies saw a total addition of Rs 83,672.13 crore in market capitalisation (m-cap) during the week ended Friday.

Maruti Suzuki India and SBI together lost Rs 9,771.58 crore in market valuation.

The m-cap of TCS surged by Rs 38,534.61 crore to Rs 6,03,192.02 crore while that of Reliance Industries Ltd (RIL) registered a rise of Rs 18,433.83 crore and touched Rs 5,94,728.71 crore.

The market valuation of Infosys soared by Rs 8,670.94 crore to Rs 2,55,322.96 crore and that of Hindustan Unilever Ltd (HUL) climbed Rs 7,370.22 crore to Rs 3,05,133.62 crore.

Oil and Natural Gas Corporation (ONGC) added Rs 7,186.61 crore to its m-cap, which stood at Rs 2,34,206.54 and following an addition of Rs 1,843.47 crore, the valuation of Housing Development Finance Corporation (HDFC) zoomed to Rs 3,08,461.50 crore.

The valuation of HDFC Bank advanced by Rs 1,388.37 crore to Rs 5,00,346.38 crore, while that of ITC went up by Rs 244.08 crore to Rs 3,18,288.01 crore.

On the other hand, the m-cap of SBI declined by Rs 7,675.14 crore to Rs 2,24,185.64 crore while Maruti Suzuki India saw its valuation erode by Rs 2,096.44 crore to Rs 2,76,054.35 crore.

In the ranking of top-10 firms, TCS stood at the top spot, followed by RIL, HDFC Bank, ITC, HDFC, HUL, Maruti Suzuki India, Infosys, ONGC and SBI.

The BSE Sensex recorded a significant rise of 565.68 points, or 1.68 per cent, while the NSE Nifty advanced 149 points, or 1.44 per cent, for the week ended April 13.