Top-seven Sensex firms add Rs 420b to m-cap
Monday, 22 March 2010
MUMBAI, Mar 21 (PTI): The four-day continuous rally on the Dalal Street, which took the benchmark index Sensex to a high 17,578 points, saw seven out of the top 10 companies adding over Rs 420 billion to their valuation, with Reliance Industries (RIL) contributing a major chunk to it with a 7-per cent gain.
During the week, the 30-share Sensex settled at 17,578.23 points, up 411.61 points or 2.39 per cent at the end of Friday's trade on the BSE over the previous week.
The Mukesh Ambani-led RIL, the numero-uno in the list, was the biggest gainer, adding Rs 240 billion to its market capitalisation (m-cap), taking its valuation to Rs 3564 billion. During the week, the RIL counter surged nearly 7 per cent to close at Rs 1,089.80 on the BSE Friday.
The market valuation of the oil and gas major ONGC swelled by Rs 60.53 billion, taking its m-cap to Rs 2259 billion. Power major NTPC, at the third place, however, saw no change in its m-cap and stood at Rs 1672 billion.
State-run trading corporation MMTC at the fourth place was barely changed with just adding Rs 480 billion to Rs 1650 billion, while software major Tata Consultancy Services (TCS) at the fifth spot jumped Rs 55.97 billion in its valuation, given a boost to its m-cap at Rs 1605 billion.
The IT bellwether Infosys Technologies at the six the position saw its valuation rise by Rs 52.88 billion, while mining giant NMDC at the seventh spot witnessed a value erosion of Rs 6.14 billion.
Infosys' valuation stood at Rs 1591 billion, while NMDC declined to Rs 1422 billion.
The country's largest public sector lender State Bank of India (SBI) was at the eight place as its valuation swelled by Rs 8.41 billion to Rs 1307 billion during the week.
The three state-run firms--ONGC, NMDC and BHEL-- together lost Rs 91.62 billion from their valuation for the week ended March 20.
Private teleco Bharti Airtel and power equipment maker BHEL shuffled their earlier positions. Bharti Airtel inched up to the ninth spot after adding Rs 68.35 billion, while BHEL slipped to the tenth spot after losing Rs 25 billion from its valuation.
Bharti Airtel's saw its m-cap surged to Rs 1184 billion, while, BHEL's valuation declined to Rs 1162 billion.
During the week, the 30-share Sensex settled at 17,578.23 points, up 411.61 points or 2.39 per cent at the end of Friday's trade on the BSE over the previous week.
The Mukesh Ambani-led RIL, the numero-uno in the list, was the biggest gainer, adding Rs 240 billion to its market capitalisation (m-cap), taking its valuation to Rs 3564 billion. During the week, the RIL counter surged nearly 7 per cent to close at Rs 1,089.80 on the BSE Friday.
The market valuation of the oil and gas major ONGC swelled by Rs 60.53 billion, taking its m-cap to Rs 2259 billion. Power major NTPC, at the third place, however, saw no change in its m-cap and stood at Rs 1672 billion.
State-run trading corporation MMTC at the fourth place was barely changed with just adding Rs 480 billion to Rs 1650 billion, while software major Tata Consultancy Services (TCS) at the fifth spot jumped Rs 55.97 billion in its valuation, given a boost to its m-cap at Rs 1605 billion.
The IT bellwether Infosys Technologies at the six the position saw its valuation rise by Rs 52.88 billion, while mining giant NMDC at the seventh spot witnessed a value erosion of Rs 6.14 billion.
Infosys' valuation stood at Rs 1591 billion, while NMDC declined to Rs 1422 billion.
The country's largest public sector lender State Bank of India (SBI) was at the eight place as its valuation swelled by Rs 8.41 billion to Rs 1307 billion during the week.
The three state-run firms--ONGC, NMDC and BHEL-- together lost Rs 91.62 billion from their valuation for the week ended March 20.
Private teleco Bharti Airtel and power equipment maker BHEL shuffled their earlier positions. Bharti Airtel inched up to the ninth spot after adding Rs 68.35 billion, while BHEL slipped to the tenth spot after losing Rs 25 billion from its valuation.
Bharti Airtel's saw its m-cap surged to Rs 1184 billion, while, BHEL's valuation declined to Rs 1162 billion.