Top Nine Cos Add Rs 30,034 Cr in M-Cap; TCS Topped Chart

During the last week, the Sensex and the Nifty clocked gains by rising 403.58 points (1.45 per cent) and 109.65 points (1.27 per cent) respectively. In the morning trade, the S&P BSE Sensex rallied by about 100 points in morning trade intraday on Monday driven by gains in ICICI Bank, RIL, HDFC, L&T, Infosys, and ITC.

Nine of the 10 most valued Indian companies together added Rs 30,034.14 crore to their market valuation last week, with IT biggie TCS leading the chart. Barring RIL, rest nine companies,  which includes HDFC Bank, ONGC and SBI saw growth in their market capitalization (m-cap) for the week ended Friday.

TCS-  TCS, the leading IT services, consulting and business solutions organization’s mcap  grew by Rs 12,374.28 crore to Rs 4,78,557.83 crore, turning to be the biggest gainer among the top-10 firms. TCS share price is trading below 0.10 per cent at Rs. 2419.75.

Last week, the company was recognized as a Global Leader for the second consecutive year in the Everest Group report, “Digital Services– PEAK Matrix™ Assessment and Market Trends: Is Digital the New Normal?” October 2016.

SBI- SBI’s valuation jumped to Rs 5,045.81 crore to Rs 2,00,590.16 crore. SBI share price is rolling above 2 per cent during the second half of Monday’s trading session. SBI has been identified by Dynamic Levels as the top 500 performing stocks for this quarter, owing to its strong fundamentals.

ONGC- Likewise, ONGC’s valuation escalated to Rs 2,951.64 crore to Rs 2,39,553.72 crore. ONGC share turned red this morning, quoting at Rs. 279.50 (down by 0.11 per cent). The stock volume spurted by more than 1.80 times, on 24^th Oct. 

HDFC- In the same manner, the m-cap of HDFC surged Rs 2,740.28 crore to Rs 2,11,698.59 crore and that of Infosys rallied  up by Rs 2,457.74 crore to Rs 2,38,445.83 crore. HDFC share price HDFC share price is seen to trade at Rs. 1345.70.

HDFC Bank – An amount of approximately Rs 2,265.61 crore was added to Rs 3,23,384.58 crore in its valuation.  HDFC Bank share price opened at Rs.1271.75, to touch the day’s high and low at Rs. 1276.85 and Rs. 1,264.55.

HUL- Same was the case with HUL (NSE: -0.49%) whose m-cap swelled Rs 1,980.31 crore to Rs 1,84,201.42 crore.

CIL- The valuation of CIL moved up by Rs 157.91 crore to Rs 1,97,891.70 crore.

In other news, Coal India Limited (CIL) has decided to maintain its domestic coking coal prices in order to liquidate stocks and offer an import substitution window to local steel producers, since international coking coal prices surge. The stock is trading above 1.50 per cent.

ITC- ITC (+0.40%)  added Rs 60.56 crore to Rs 2,90,495.76 crore. The stock rolled above 0.48 per cent to touch the day’s high at Rs. 241.55.

RIL- On the other hand, RIL(+0.55 %) faced a loss of Rs 4,460.29 crore to Rs 3,45,211.26 crore in its market valuation.

In terms of ranking, TCS was at the top spot followed by RIL, HDFC Bank, ITC, ONGC, Infosys, HDFC, SBI, CIL and HUL.