Top seven blue-chip cos add Rs 76,793 cr in mkt valuation
29 July 2014 3:16 AM IST
Helped by a smart rally in the market valuation of information technology (IT) bellwether TCS, the top-seven most valued Indian companies together added Rs 76,793 crore in their market capitalisation (m-cap) last week.
Amid a strong stock market where the benchmark Sensex gained 485.19 points or 1.89 per cent, top-seven companies, including RIL, ITC, CIL, HDFC Bank, Infosys and HDFC, saw rise in their m-cap.
ONGC, SBI and ICICI Bank, however, suffered losses in their market valuation. Software giant TCS's market value zoomed Rs 31,790.15 crore to Rs 5,10,238.84 crore, becoming the biggest gainer in the top-10 companies list.
Tata Consultancy Services (TCS), the country's largest software services exporter, had on Wednesday attained a market valuation of over Rs 5 lakh crore, becoming the first company in Indian markets to achieve this milestone.
The m-cap of RIL surged Rs 14,567.71 crore to Rs 3,30,400.89 crore. ITC saw its market-cap climb Rs 10,418 crore to Rs 2,84,306.96 crore, while Infosys added Rs 5,693.55 crore to Rs 1,92,504.06 crore.
Similarly, HDFC Bank's value went up by Rs 734.71 crore to Rs 2,01,262.25 crore and that of CIL rose by Rs 536.89 crore to Rs 2,37,621.63 crore.
Amid a strong stock market where the benchmark Sensex gained 485.19 points or 1.89 per cent, top-seven companies, including RIL, ITC, CIL, HDFC Bank, Infosys and HDFC, saw rise in their m-cap.
ONGC, SBI and ICICI Bank, however, suffered losses in their market valuation. Software giant TCS's market value zoomed Rs 31,790.15 crore to Rs 5,10,238.84 crore, becoming the biggest gainer in the top-10 companies list.
Tata Consultancy Services (TCS), the country's largest software services exporter, had on Wednesday attained a market valuation of over Rs 5 lakh crore, becoming the first company in Indian markets to achieve this milestone.
The m-cap of RIL surged Rs 14,567.71 crore to Rs 3,30,400.89 crore. ITC saw its market-cap climb Rs 10,418 crore to Rs 2,84,306.96 crore, while Infosys added Rs 5,693.55 crore to Rs 1,92,504.06 crore.
Similarly, HDFC Bank's value went up by Rs 734.71 crore to Rs 2,01,262.25 crore and that of CIL rose by Rs 536.89 crore to Rs 2,37,621.63 crore.
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