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TCS, 8 Others add Rs 53,751 Crore to Market Value

The combined market valuation of top nine Sensex companies surged by Rs 53,751.86 crore in the week to January 2 with Tata Consultancy Services (TCS) and HDFC emerging as the biggest gainers.
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TCS, 8 Others add Rs 53,751 Crore to Market Value

New Delhi: The combined market valuation of top nine Sensex companies surged by Rs 53,751.86 crore in the week to January 2 with Tata Consultancy Services (TCS) and HDFC emerging as the biggest gainers.

Barring Reliance Industries Ltd (RIL), the rest of the nine companies including ONGC, ITC, Coal India Ltd (CIL), State Bank of India (SBI) and HDFC Bank saw a rise in their market capitalisation or M-Cap.

TCS' market value soared by Rs 12,800.28 crore to Rs 5,03,559.58 crore - the highest among the top 10 most valued Indian firms.



HDFC added Rs 9,078.62 crore to Rs 1,84,213.31 crore in its valuation and that of Infosys surged by Rs 7,246.86 crore to Rs 2,31,239.16 crore.

The market valuation of ICICI Bank climbed by Rs 6,673.24 crore to Rs 2,09,940.64 crore.

SBI added Rs 5,935.26 crore to its market valuation, taking its M-Cap to Rs 2,35,618.47 crore, while HDFC Bank's market capitalisation rose by Rs 5,219.3 crore to Rs 2,34,246.80 crore.

ONGC's market cap jumped by Rs 4,448.85 crore to Rs 2,98,800.49 crore, while the valuation of CIL moved up by Rs 1,989.65 crore to Rs 2,40,653.48 crore.

Similarly, the market cap of ITC rose by Rs 359.8 crore to Rs 2,94,351.96 crore.

On the other hand, the market value of Reliance Industries declined by Rs 1,407.26 crore to Rs 2,86,190.36 crore.

The list of top ten firms was topped by TCS, followed by ONGC, ITC, RIL, CIL, SBI, HDFC Bank, Infosys, ICICI Bank and HDFC.

Over the past week, the benchmark BSE Sensex gained 646.12 points to settle at 27,887.90.



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