The combined market valuation of five of the 10 most valued Indian companies zoomed Rs 94,688.93 crore last week, mainly helped by a stellar rally in SBI.
State Bank of India (SBI) was the star performer as its mcap surged Rs 57,618.94 crore to Rs 2,68,413.61 crore. On Wednesday, SBI shares had zoomed 27.58 per cent after the government announced a Rs 2.11 lakh crore recapitalisation plan for PSU banks.
HDFC lost Rs 8,717.19 crore to Rs 2,70,847.09 crore and Tata Consultancy Services (TCS) suffered an erosion of Rs 1,885.57 crore to Rs 4,93,733.06 crore.
The m-cap of Hindustan Unilever Ltd (HUL) fell by Rs 1,471.84 crore to Rs 2,72,161.54 crore and that of ITC went down by Rs 1,218.36 crore to Rs 3,28,166.52 crore.
Over the last week, the Sensex recorded handsome gains of 767.26 points or 2.37 per cent -- its best weekly gain since January 27.