Reliance Industries, ONGC, 6 Others Add Rs 1.46 Lakh Crore in Market Value

Top eight Sensex companies, led by energy major ONGC, added a whopping Rs 1,46,741 crore to their market valuation last week.

Amid a strong stock market where the benchmark Sensex gained 4.87 per cent, or 1,179.12 points, last week, eight companies from the top-10 list of India's most valuable firms saw a surge in their market capitalisation (M-cap), including Reliance Industries Ltd (RIL), Coal India Ltd (CIL), State Bank of India (SBI) and Larsen & Toubro (L&T).

ONGC was the star performer among the top-10 firms as its M-cap zoomed by Rs 73,363.33 crore to Rs 3,96,974.74 crore. During the week, shares of the state-owned firm jumped 22.67 per cent.

The market value of RIL soared by Rs 17,731.12 crore to Rs 3,62,015.53 crore, while that of SBI skyrocketed by Rs 14,203.56 crore to Rs 2,03,974.97 crore.

Larsen & Toubro's M-cap advanced by Rs 12,965.17 crore to Rs 1,56,611.55 crore, while that of CIL rose by Rs 12,537.99 crore to Rs 2,46,969.85 crore.

Similarly, ICICI Bank's market value surged by Rs 7,364.98 crore to Rs 1,71,292.04 crore and that of HDFC Bank rose by Rs 5,227.31 crore to Rs 1,96,215.21 crore.

Infosys' market value increased by Rs 3,347.8 crore to Rs 1,72,259.37 crore.

In contrast, Tata Consultancy Services (TCS) lost Rs 11,781.75 crore in M-cap at Rs 4,08,208.70 crore from.

ITC's market capitalisation plunged by Rs 3,618.7 crore to Rs 2,67,982.50 crore.

In the ranking of top-10 firms, TCS stood at the number one position, followed by ONGC, RIL, ITC, CIL, SBI, HDFC Bank, Infosys, ICICI Bank and L&T.