8 of top-10 most valued cos add `52,194 crore in m-cap
New Delhi: Eight of the top 10 valued Indian companies together added Rs 52,193.73 crore in market valuation last week, in-line with a bullish broader market sentiment, with SBI and HDFC emerging as the biggest gainers.
The Sensex advanced 434.40 points or 1.07 per cent last week. From the top-10 list, only TCS and ITC suffered losses in their market capitalisation (m-cap) for the week closed on Friday.
In contrast, Reliance Industries Ltd (RIL), HDFC Bank, HUL, HDFC, ICICI Bank, Kotak Mahindra Bank, SBI and Infosys witnessed a rise in their market valuation.
The m-cap of SBI jumped Rs 11,334.26 crore to Rs 3,05,087.85 crore, becoming the top gainer among the ten most valuable companies.
HDFC's valuation zoomed Rs 10,492.7 crore to Rs 3,96,791.39 crore.
The market cap of ICICI Bank climbed Rs 9,871.88 crore to reach Rs 3,31,011.55 crore and that of Kotak Mahindra Bank gained Rs 8,818.24 crore to Rs 3,08,420.75 crore.