7 of top-10 firms add Rs 29K cr to m-cap last week

Seven of the country's top-10 firms added Rs 29,191.43 crore to their combined market capitalisation (m-cap) during the past week, with the maximum gains being registered by state-run NTPC and State Bank of India (SBI).

With a total m-cap of Rs 1,80,616.8 crore, power major NTPC emerged as the top gainer in the list of top-10 Indian companies by market capitalisation.

NTPC enlarged its market valuation by Rs 8,080.55 crore during the week. Shares of the company soared by 4.68 per cent to settle at Rs 219.05 at the close of trade on the BSE on Friday.

The country's largest public sector lender, SBI, was the second biggest gainer and saw its valuation swell by Rs 7,423 crore to Rs 2,07,082.94 crore.

However, Mukesh Ambani-led Reliance Industries (RIL) managed to safeguard its top ranking in the prestigious list, with its m-cap increasing by Rs 1,570.45 crore to Rs 3,29,287.29 crore.

RIL was followed by ONGC, SBI, TCS, NTPC, Infosys Technologies, Bharti Airtel, ITC, MMTC and ICICI Bank -- in that order -- in the list of the top-10 best performing companies.

The valuation of oil and gas major ONGC declined by Rs 6,683.97 crore to Rs 3,00,746.51 crore during the week ended October 1.

Two of the country's top IT firms, TCS and Infosys Technologies, together added Rs 1,982.28 crore to their combined market valuation. The m-cap of TCS and Infosys stood at Rs 1,87,930.34 crore and Rs 1,78,147.57 crore, respectively.

However, Infosys saw its ranking slip by one place to sixth position during the week after NTPC's market capitalisation surpassed the IT major's own valuation.

Top private telco Bharti Airtel was one of the three companies that saw wealth erosion during the week and shed Rs 1,082 crore to Rs 1,38,666.44 crore.

FMCG honcho ITC witnessed the addition of Rs 212.77 crore to its valuation, which grew to Rs 1,37,271.91 crore.

Trading firm MMTC also suffered a loss of Rs 2,015 crore, which reduced its m-cap to Rs 1,34,635 crore.

With an m-cap of Rs 1,30,300 crore, private sector banking giant ICICI Bank was last in the list, despite adding Rs 2,633 crore to its m-cap during the week.

During the week, the broader Sensex index gained nearly 2 per cent to 20,445.04 at the end of Friday trade on the BSE.