The market value of RIL surged by Rs 9,832 crore to Rs 2,53,098 crore
Helped by a jump in the market value of Reliance Industries Ltd, the combined market capitalisation (m-cap) of eight of the top-10 Sensex companies rose by Rs 43,161 crore last week amid a bullish stock market.
The market value of RIL surged by Rs 9,832 crore to Rs 2,53,098 crore with its share price rising 5.26% during the last week when the Sensex gained 2% to close at 17,557.74.
IT major TCS added Rs 7,809 crore to its market value which stood at Rs 2,50,093 crore, while FMCG giant ITC's m-cap jumped by Rs 6,960 crore to Rs 2,09,730 crore.
Infosys' m-cap moved up by Rs 5,964 crore to Rs 1,32,828 crore, while that of NTPC soared by Rs 4,576 crore to Rs 1,41,698 crore. HDFC Bank added Rs 3,351 crore, taking its market worth to Rs 1,41,847 crore.
The m-cap of Coal India rose by Rs 2,937 crore to Rs 2,20,188 crore and ICICI Bank, the new entrant in the elite top 10 club, added Rs 1,732 crore taking its market value to Rs 1,10,067 crore.
ICICI Bank had on August 8 toppled Bharti Airtel to become the country's 10th most valued firm in terms of market capitalisation, pushing the telecom major out of the list.
SBI and ONGC, however, saw losses in their m-cap.
State Bank of India's m-cap plunged by Rs 7,892 crore to Rs 1,26,689 crore, while ONGC lost Rs 984 crore from its value which stood at Rs 2,38,954 crore.
The top-10 list is led by RIL, followed by TCS, ONGC, CIL, ITC, HDFC Bank, NTPC, Infosys, SBI and ICICI Bank.
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