Top five companies add Rs 21,623 cr in market valuation 

Top five companies add Rs 21,623 cr in market valuation 
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Story Dated : September 18, 2016

New Delhi: The combined market valuation of five of the 10 most valued Indian firms rose by Rs 21,622.89 crore last week, with Reliance Industries (RIL) emerging as the biggest gainer.

While TCS, RIL, HDFC Bank, ITC and Infosys saw rise in their market capitalisation (mcap) for the week ended Friday, HDFC, ONGC, CIL, SBI and HUL on the other hand suffered a loss of Rs 20,178.42 crore.

RIL’s valuation surged Rs 10,361.72 crore to Rs 3,48,844.56 crore.

The mcap of Infosys soared Rs 5,593.06 crore to Rs 2,43,556.53 crore and ITC added Rs 2,056.94 crore to Rs 3,15,074.04 crore.

HDFC Bank’s valuation jumped Rs 1,906.75 crore to Rs 3,30,007.07 crore and that of TCS rose by Rs 1,704.42 crore to Rs 4,65,247.59 crore.

In contrast, the mcap of SBI slumped Rs 7,452.26 crore to Rs 1,97,485.05 crore and CIL plunged Rs 4,516.2 crore to Rs 2,05,281.84 crore.

HUL’s valuation plummeted by Rs 3,895.69 crore to Rs 1,97,414.18 crore and of ONGC dipped by Rs 2,652.2 crore to Rs 2,14,999.47 crore.

HDFC fell by Rs 1,662.07 crore to Rs 2,21,664.95 crore.

In the top-10 ranking list of most valued companies, TCS stood at number one position followed by RIL, HDFC Bank, ITC, Infosys, HDFC, ONGC, CIL, SBI and HUL.

Over the past week, both the indices, Sensex and Nifty, slipped 198.22 points or 0.68 per cent and 86.85 points or 0.97 per cent, respectively.