Top 6 companies add Rs 37,692 cr to market valuation 

By: | Published: July 3, 2016 1:48 PM

Driven by a robust sentiment in the stock market, the combined market valuation of top six Indian companies rose by Rs 37,692.44 crore last week.

The comparable figure for the fifth-ranked ITC was however not available due to adjustment related to bonus issue of shares. (Reuters)The comparable figure for the fifth-ranked ITC was however not available due to adjustment related to bonus issue of shares. (Reuters)

Driven by a robust sentiment in the stock market, the combined market valuation of top six Indian companies rose by Rs 37,692.44 crore last week.

While RIL, HDFC Bank, HDFC, HUL, ONGC and Sun Pharma saw rise in their market capitalisation (m-cap) for the week ended Friday, TCS, Infosys and CIL suffered losses.

The comparable figure for the fifth-ranked ITC was however not available due to adjustment related to bonus issue of shares.

ONGC’s valuation soared Rs 12,662.12 crore to Rs 1,91,942.42 crore, emerging as the top gainer among the top-nine companies.

The m-cap of HUL zoomed Rs 8,462.2 crore to Rs 1,94,370.90 crore and that of RIL jumped Rs 7,182.01 crore to Rs 3,15,700.62 crore.

HDFC Bank’s valuation climbed Rs 3,464.71 crore to Rs 2,97,589.76 crore and HDFC added Rs 3,454.54 crore to Rs 1,96,909.34 crore

The m-cap of Sun Pharma rose by Rs 2,466.86 crore to Rs 1,83,871.43 crore.

In contrast, TCS saw its valuation dip by Rs 13,576.25 crore to Rs 4,92,961.66 crore.

Infosys too lost Rs 5,145.16 crore to Rs 2,69,224.88 crore.

CIL’s valuation fell by Rs 979 crore to Rs 1,95,870.46 crore

In the ranking of domestic m-cap chart, TCS stood at number one position followed by RIL, HDFC Bank, Infosys, ITC, HDFC, CIL, HUL, ONGC and Sun Pharma.

For the week, the Sensex climbed 747.20 points or 2.83 per cent, while NSE Nifty surged 239.75 points or 2.96 per cent. For both, the jump is their best weekly gain since May 27.

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