7 of top-10 cos add Rs 33,000 cr to m-cap

Seven of the country's top-10 firms added Rs 33,728 crore to their combined market capitalisation during the past week amid a bullish market that saw the benchmark Sensex cross the magical 20,000-mark.

The 30-share BSE Sensex crossed the 20,000 points level on September 21, a feat achieved after a gap of 32 months. During the week, the broader gauge rose 2.29 per cent to close at 20,045.18 on the BSE.

Oil and gas major ONGC registered the most significant gains, with its valuation swelling by Rs 8,288.12 crore to Rs 3,07,430.48 crore. During the week, fuelled by two new discoveries in the Krishna-Godavari and Cambay Basin, shares of ONGC jumped by 2.77 per cent to close at Rs 1,437.35 at the end of Friday trade on the Bombay Stock Exchange.
    
In terms of m-cap, the list of gainers also includes state-run lender SBI, software exporter TCS, IT giant Infosys Technologies, power major NTPC, the country's largest telco Bharti Airtel and FMCG giant ITC, while the pack of losers comprises corporate leader RIL, trading firm MMTC and private sector lender ICICI Bank.
    
Reliance Industries, the country's most valued firm, maintained its numero-uno position, despite losing Rs 8,212.14 crore from its m-cap, with a valuation of Rs 3,27,716.84 crore.
    
Close on the heels of RIL in the elite club were ONGC, SBI, TCS, Infosys, NTPC, Airtel, ITC, MMTC and ICICI Bank, in that order.
    
State Bank of India enlarged its valuation by Rs 3,194 crore to Rs 1,99,659.91 crore, while IT giants TCS and Infosys Technologies together added Rs 7,537.98 crore to their combined m-cap. The valuation of these two companies stood at Rs 1,82,303.39 crore and Rs 1,74,502.9 crore, respectively.
    
Power major NTPC added Rs 2,721 crore to take its m-cap to Rs 1,72,536.25 crore, while trading major MMTC saw its wealth eroded by Rs 280 crore to Rs 1,36,650 crore.
    
Telecom giant Bharti Airtel saw its valuation expand by Rs 3,835.5 crore to Rs 1,39,748.74 crore, while FMCG major ITC added Rs 8,151.44 crore -- the second largest gain registered by any of the top-10 Sensex companies -- to take its market valuation to Rs 1,37,059.14 crore.
    
ICICI Bank, which recently joined the club of the 10-most valuable companies, hung on to its No. 10 ranking despite erosion of its m-cap erode by Rs 348.83 crore to Rs 1,27,667.39 crore.