HDFC Bank, 7 Other Firms Add Rs 57,965 Crore To Market Value

HDFC Bank, 7 Other Firms Add Rs 57,965 Crore To Market Value
New Delhi: Combined market valuation of eight of the top ten most valued Indian companies surged by Rs 57,965.56 crore during the week ended July 15, amid a positive broader market trend.

Barring Infosys and Sun Pharma, the rest of eight companies saw a jump in their market capitalisation (M-Cap) for the week.

The M-Cap of HDFC Bank, which was the biggest gainer among the top ten firms, soared by Rs 13,030.16 crore to Rs 3,10,188.96 crore.

The valuation of HDFC zoomed by Rs 12,237.13 crore to Rs 2,15,197.79 crore while that of Reliance Industries Ltd (RIL) advanced by Rs 10,521.73 crore to Rs 3,28,313.73 crore.

The valuation of Hindustan Unilever Limited (HUL) rose by Rs 4,198.63 crore to Rs 2,03,352.52 crore.

The M-Cap of Oil and Natural Gas Corporation (ONGC) surged by Rs 5,860.51 crore to Rs 1,97,161.27 crore while that that of Coal India Ltd (CIL) rose by Rs 5,053.09 crore to Rs 2,01,902.59 crore.

The market capitalization of ITC went up by Rs 3,832.81 crore to Rs 3,00,670.49 crore.

Tata Consultancy Services’ market value rose by Rs 3,231.5 crore to Rs 4,81,158.80 crore.

In contrast, the valuation of Infosys slumped by Rs 19,868.57 crore to Rs 2,46,289.89 crore while that of Sun Pharma fell by Rs 1,961.45 crore to Rs 1,85,411.72 crore.

In terms of ranking, TCS was on the top, followed by RIL, HDFC Bank, ITC, Infosys, HDFC, HUL, CIL, ONGC and Sun Pharma.

For the week, the Sensex rallied 709.60 points, or 2.61 per cent, while the NSE Nifty surged 218.20 points, or 2.62 per cent.