Six of top-10 cos add over Rs 29k cr to m-cap

State Bank of India stole the show and added the maximum sum in the list of top-10 companies, as per their market capitalisation (m-cap).

From last week’s seventh position, SBI jumped to the fourth spot by adding Rs 7,377.31 crore to take its market valuation to Rs 1,66,338.56 crore for the week ended August 7. During the past week, shares of SBI rose over 4 per cent to close at Rs 2,620, at the end of Friday’s trade on the BSE.

The broader market Sensex soared over one per cent during last week to settle at 18,143.99 at the end of Friday’s trade.

Corporate behemoth Reliance Industries yet again ruled the chart, even though it lost Rs 3,042.25 crore from its m-cap to drive its valuation to Rs 3,27,222.14 crore. State-run oil giant ONGC at the second spot also saw an erosion of Rs 2,320.67 crore from its m-cap to take its valuation to Rs 2,63,444.62 crore. Two IT firms TCS and Infosys together added Rs 9,140.23 crore to their combined m-cap.

Software exporter TCS jumped to the third place from earlier week’s fourth spot to see its m-cap swell to Rs 1,69,444.59 crore. While, IT bellwether Infosys replaced power major NTPC from the fifth place to take its market valuation to Rs 1,64,367.83 crore. Power producer NTPC slipped to the sixth spot and lost Rs 1,071.91 crore to Rs 1,62,682.93 crore.

In a major loss,  MMTC fell to the seventh place from earlier week’s third position and lost Rs 16,545 crore to take its m-cap to Rs 1,57,620 crore. Another sate-run firm BHEL maintained its ranking in the chart and stood at the eight place. With an m-cap of Rs 1,22,705 crore BHEL added Rs 3,315.97 crore to its valuation.

Bharti Airtel jumped to the ninth place and added Rs 5,848.18 crore to see its valuation at Rs 1,22,394.07 crore. FMCG major ITC suffered a rank’s loss and finished last in the chart. It gained Rs 3,444.3 crore to drive its market valuation to Rs 1,21,535 crore.

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