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Coal India, ONGC, 6 Others Add Rs 38,356 Crore to Market Value

The combined market valuation of eight of the top ten most valued Indian companies rose by Rs 38,355.66 crore during the week from December 28 to January 1, with Coal India Ltd and ONGC (Oil & Natural Gas Corporation) emerging as the biggest gainers.
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Coal India, ONGC, 6 Others Add Rs 38,356 Crore to Market Value
New Delhi: The combined market valuation of eight of the top ten most valued Indian companies rose by Rs 38,355.66 crore during the week from December 28 to January 1, with Coal India Ltd and ONGC (Oil & Natural Gas Corporation) emerging as the biggest gainers.

Barring Tata Consultancy Services (TCS) and Hindustan Unilever Limited (HUL), the remaining eight companies saw addition in their market capitalisation (M-Cap) for the week.

The M-Cap of CIL surged by Rs 7,263.82 crore to Rs 2,10,903.41 crore - the most among the entities in question; ONGC added Rs 7,229.39 crore to Rs 2,07,385.08 crore, and Sun Pharma saw growth of Rs 5,823.98 crore to Rs 1,96,318.90 crore.

The market valuation of Reliance Industries Ltd (RIL) climbed by Rs 4,680.66 crore to Rs 3,28,893.31 crore while that of HDFC jumped by Rs 4,350.11 crore to Rs 1,98,493.35 crore.

HDFC Bank's M-Cap advanced by Rs 3,898.82 crore to Rs 2,74,880.91 crore whereas ITC's rose by Rs 3,432.11 crore to Rs 2,63,040.87 crore.

Similarly, Infosys added Rs 1,676.77 crore to its market value, taking its M-Cap to Rs 2,53,387.45 crore.

In contrast, the M-Cap of TCS went down by Rs 3,369.43 crore to Rs 4,76,104.65 crore while HUL lost Rs 1,449.79 crore to Rs 1,85,346.36 crore.

The pecking order of the top ten list showed that TCS was in the lead, followed by RIL, HDFC Bank, ITC, Infosys, CIL, ONGC, HDFC, Sun Pharma and HUL.

The Sensex rose 322.19 points to settle at 26,160.90 for the week.

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