New Delhi, Oct 29 (PTI) The combined market valuation offive of the 10 most valued Indian companies zoomed Rs94,688.93crore last week, mainly helped by a stellar rally in SBI.
While Reliance Industries Ltd (RIL), SBI, Maruti, ONGCand Infosys saw a rise in their market capitalisation (m-cap)for the week ended Friday, TCS, HDFC Bank, ITC, HUL and HDFCsuffered losses.
State Bank of India (SBI) was the star performer as itsmcap surged Rs 57,618.94 crore to Rs 2,68,413.61 crore. OnWednesday, SBI shares had zoomed 27.58 per cent after thegovernment announced a Rs 2.11 lakh crore recapitalisationplan for PSU banks.
The valuation of ONGC soared Rs 11,999.07 crore to Rs2,35,554.03 crore and that of RIL jumped Rs 9,964.18 crore toRs 5,88,601.05 crore.
Maruti Suzuki India's m-cap rose by Rs 9,823.65 crore toRs 2,45,131.93 crore while that of Infosys advanced by Rs5,283.09 crore to Rs 2,17,628.63 crore.
In contrast, the market valuation of HDFC Bank slumped Rs19,767.58 crore to Rs 4,63,336.43 crore.
HDFC lost Rs 8,717.19 crore to Rs 2,70,847.09 crore andTata Consultancy Services (TCS) suffered an erosion of Rs1,885.57 crore to Rs 4,93,733.06 crore.
The m-cap of Hindustan Unilever Ltd (HUL) fell by Rs1,471.84 crore to Rs 2,72,161.54 crore and that of ITC wentdown by Rs 1,218.36 crore to Rs 3,28,166.52 crore.
In the ranking of top-10 firms, RIL retained the numberone position, followed by TCS, HDFC Bank ITC, HUL, HDFC, SBI,Maruti, ONGC and Infosys.
Over the last week, the Sensex recorded handsome gains of767.26 points or 2.37 per cent -- its best weekly gain sinceJanuary 27. PTI SUM ABMSBT.
This is unedited, unformatted feed from the Press Trust of India wire.
