IT majors — TCS and Infosys — together added Rs 13,507 crore to their combined market value

Buoyed by firm stock market trends, the combined market valuation of top-nine Sensex firms advanced by Rs 62,604 crore last week, where RIL and Coal India saw the biggest gain.

These companies saw rise in their market capitalisation (m-cap), in tandem with a robust stock market, where the BSE benchmark Sensex gained 4% to 18,464.27 during the past week.

The market worth of Reliance Industries Ltd (RIL) surged Rs 14,656 crore to Rs 2,72,091 crore, while Coal India added Rs 13,896 crore to Rs 2,41,506 crore.

IT majors — TCS and Infosys — together added Rs 13,507 crore to their combined market value. The m-cap of TCS stood at Rs 2,76,349 crore, while that of Infosys was Rs 1,51,183 crore.

Among others, HDFC Bank’s m-cap soared Rs 5,206 crore to Rs 1,44,343 crore, the value of SBI climbed Rs 5,039 crore to Rs 1,32,232 crore, ONGC’s value jumped Rs 4,705 crore to Rs 2,41,264 crore.

The m-cap of ITC rose by Rs 3,991 crore to Rs 2,10,313 crore and HUL’s worth moved up by Rs 1,604 crore to Rs 1,18,306 crore.

In contrast, the market value of NTPC slipped Rs 2,432 crore to Rs 1,38,606 crore.

TCS continued to rule the top-10 companies list, followed by RIL, CIL, ONGC, ITC, Infosys, HDFC Bank, NTPC, SBI and HUL. PTI SUM RAH tvs

Source: Business Standard

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