6 of top 10 companies add Rs 20K crore in market capital

 
Bharti Airtel emerged as the top gainer, adding Rs 8,810.25 crore, taking its market capitalisation to Rs 1,28,887.83 crore for the week ended September 3.

With the eighth position, Airtel replaced FMCG major ITC ,which fell to ninth spot with a wealth addition of Rs 2,356.31 crore taking its m-cap to Rs 1,25,805.65 crore.

Earlier this month, the government had allocated air waves to private operators, including Airtel, for launching 3G mobile and broadband wireless access services in the country.

During the last week, shares of the telecom major jumped 7.33 per cent to settle at Rs 339.40 at the end of Friday’s trade on the Bombay Stock Exchange.

Meanwhile, the BSE-30 share Sensex gained 223 points to stand at 18,221.43 as on September 3, 2010. Even after losing Rs 7,850.99 crore from its m-cap, the country’s most valued firm Reliance Industries (RIL) maintained its top position in the elite club with market valuation of Rs 3,02,835 crore.

RIL was followed by ONGC, SBI, TCS, NTPC, Infosys, MMTC, ITC and BHEL.
Oil and gas major ONGC emerged as the second biggest gainer after Airtel, posting a growth of Rs 4,352.6 crore to its m-cap, which stood at Rs 2,86,180.81 crore.

State Bank  of India saw a decline of Rs 1,848.73 crore from its m-cap, which stood at Rs 1,76,114.48 crore.

Software exporter TCS too witnessed a wealth erosion of Rs 3,611 crore to take its total market valuation to Rs 1,63,876.36 crore.