Helped by a sharp surge in the market value of Bharti Airtel, the combined market capitalisation (m-cap) of seven of the country’s top-10 most valued companies advanced by Rs 44,787.42 crore last week.
RIL, ONGC, TCS, ITC, Infosys, Bharti Airtel and SBI saw gains in their market cap, while Coal India, NTPC and HDFC Bank witnessed erosion in their values. Telecom major Bharti Airtel added Rs 12,494.42 crore to its m-cap, which reached Rs 1,42,350.42 crore on Friday.
Country’s most valued company, RIL, saw its value accelerate by Rs 7,941 crore to Rs 2,67,719 crore. State-run ONGC’s market worth jumped to Rs 2,38,313 crore from Rs 2,35,275 crore on January 20.
IT companies, TCS and Infosys together added Rs 13,732 crore to their market value. The m-cap of TCS stood at Rs 2,17,026 crore, while that of Infosys was at Rs 1,56,222 crore. ITC added Rs 546 crore to Rs 1,57,521 crore in m-cap, while SBI saw its value advance by Rs 7,036 crore to Rs 1,29,705 crore.
In contrast, state-run Coal India lost Rs 2,084 crore from its m-cap which was at Rs 2,15,072 crore, while NTPC shed Rs 495 crore to Rs 1,43,264 crore. HDFC Bank’s value declined by Rs 1,193 crore to Rs 1,13,110 crore.
The Bombay Stock Exchange 30-share benchmark index, Sensex, gained 494.97 points to end the week at 17,233.98.
