ManagementTop 8 cos add Rs 53,000 cr in m-cap last week
Country"s eight of the top-10 firms together added over Rs 53,000 crore to their market capitalisation last week, while two state-run firms NTPC and NMDC-- saw an erosion in their valuation.
- Banking sector tops m-cap rankings - Seven of top-10 firms add Rs 81,000 cr in m-cap - Six in top-10 club add Rs 28,000 cr in market cap - Investor wealth swells by Rs 77,000 cr - Top-10 cos add Rs 39,000 cr to market cap - Top 10 cos add over Rs 1.42 lakh cr
State-run trading firm MMTC gained the most and climbed to third slot from fourth. The firm added Rs 10,971.25 crore taking its total market valuation to Rs 1,79,822.5 crore.
Shares of the company surged 6.67 per cent on the Bombay Stock Exchange to close at Rs 35,964.50 on Thursday.
There were only three trading sessions last as Monday was a holiday on account of Dusshera and Friday on Gandhi Jayanti.
The market cap of country"s most valued firm, Reliance Industries (RIL), swelled by Rs 6,397.78 crore taking the total to Rs 3,41,600.61 crore.
Mukesh Ambani Group company RIL had a market cap of Rs 3,35,202.83 crore as of September 26.
The total market cap of oil firm, ONGC rose by Rs 5,272.31 crore to reach Rs 2,52,803.74 crore.
State power utility NTPC slipped to the fourth slot from third after losing Rs 1,814 crore from its market cap. The total market valuation of the company stood at Rs 1,73,443.25 crore.
State-run NMDC lost Rs 475.77 crore from its market cap taking its total market valuation to Rs 1,40,925.26 crore.
Meanwhile, private sector telecom services provider Bharti Airtel and the country"s biggest public sector lender SBI together added Rs 12,465.13 crore.
The total market valuation of Bharti Airtel stood at Rs 1,65,295.43 crore and SBI at Rs 1,40,302.13 crore.
IT bellwether Infosys Technologies" total market capitalisation rose by Rs 4,670.74 crore to Rs 1,33,339.9 crore and leading outsourcing firm TCS added Rs 8,787.82 crore to its market cap taking its total market valuation to Rs 1,23,685.25 crore.
Power equipment maker BHEL added Rs 5,108.14 crore to its market cap taking the total to Rs 1,15,034.75 crore at the end of the week.
Apart from top-10 coveted firms, private sector lender ICICI Bank and HDFC Bank together added Rs 11,106.89 crore to their market valuation.
At the end of week, total market cap of ICICI Bank stood at Rs 1,02,943.05 crore and HDFC Bank at Rs 70,217.38 crore.
In the top-10 club, RIL is followed by ONGC (Rs 2,52,803.74 crore), MMTC (Rs 1,79,822.5 crore), NTPC (Rs 1,73,443.25 crore), Bharti Airtel (Rs 1,65,295.43 crore), NMDC (Rs 1,40,925.26 crore), SBI (Rs 1,40,302.13 crore), Infosys (Rs 1,33,339.9 crore), TCS (Rs 1,23,685.25 crore) and BHEL (Rs 1,15,034.75 crore), in that order.