Infosys, Sun Pharma, 3 Others Add Rs 35,349 Cr to Market Value

New Delhi: The combined market valuation of five of the top ten most valued Indian companies advanced by Rs 35,349.55 crore in the week to August 7, where Tata Consultancy Services (TCS) and State Bank of India (SBI) emerged as the biggest gainers.

While TCS, Infosys, Oil and Natural Gas Corporation (ONGC), SBI and Sun Pharma made gains in their market capitalisation (M-Cap) for the week under review, others like Reliance Industries Ltd (RIL), HDFC Bank, Coal India Ltd (CIL), ITC and HDFC saw a cumulative loss of Rs 32,562.48 crore.

During the week, SBI's M-Cap surged by Rs 8,322.83 crore to Rs 2,12,913.36 crore while that of TCS jumped by Rs 8,167.9 crore to Rs 4,99,808.62 crore.

ONGC's valuation climbed by Rs 7,913.83 crore to Rs 2,41,521.49 crore.

Similarly, the market valuation of Sun Pharma rose by Rs 6,913.85 crore to Rs 2,04,901.85 crore and that of Infosys went up by Rs 4,031.14 crore to Rs 2,51,653.26 crore.

On the other hand, CIL took the biggest loss in M-Cap that plunged by Rs 15,001.37 crore to Rs 2,62,476.52 crore.

HDFC's valuation dipped by Rs 6,384.34 crore to Rs 2,04,708.81 crore and that of RIL slumped by Rs 5,588.82 crore to Rs 3,18,714.61 crore.

The M-Cap of HDFC Bank fell by Rs 4,345.05 crore to Rs 2,74,728.19 crore.

ITC's valuation also saw an erosion of Rs 1,242.9 crore to Rs 2,60,327.58 crore.

In the ranking of top ten firms in terms of their market valuation, TCS stood at the top position, followed by RIL, HDFC Bank, CIL, ITC, Infosys, ONGC, SBI, Sun Pharma and HDFC.

During the week, the Sensex rose by 121.83 points to settle at 28,236.39.