ONGC and Infosys see erosion in their valuations
The combined market valuation of eight of the top-10 most valued Sensex firms rose by Rs 25,217.48 crore last week.
While TCS, RIL, HDFC Bank, CIL, ITC, Sun Pharma, HDFC and SBI made gains in their market capitalisation (m-cap) for the week ended Friday (July 3), ONGC and Infosys saw erosion in their valuations.
The m-cap of ITC surged Rs 5,610.86 crore to reach Rs 2,52,889.64 crore and that of HDFC climbed Rs 4,373.9 crore, to Rs 2,07,412.69 crore.
CIL added Rs 4,168.8 crore to reach m-cap of Rs 2,63,487.14 crore and SBI's valuation went up by Rs 2,875.16 crore, to Rs 2,03,417.50 crore.
The market valuation of HDFC Bank jumped Rs 2,850.51 crore at Rs 2,69,843.63 crore and RIL added Rs 2,330.24 crore to reach Rs 3,25,828.41 crore.
TCS's m-cap rose by Rs 2,105.63 crore to Rs 5,10,209.46 crore and that of Sun Pharma went up by Rs 902.38 crore to Rs 2,09,594.26 crore.
On the other hand, Infosys suffered a loss of Rs 3,709.56 crore to Rs 2,27,386.04 crore and ONGC too shed Rs 3,251.09 crore to Rs 2,64,706.86 crore.
TCS retained its numero-uno position by m-cap, followed by RIL, HDFC Bank, ONGC, CIL, ITC, Infosys, Sun Pharma, HDFC and SBI.
In the broader market, the BSE Sensex gained 280.95 points to 28,092.79 over the past week
