Sun Pharma and TCS winning big amid recovery in broader market
The combined market valuation of top 10 most valued Indian companies advanced by a whopping Rs 1,02,667 crore last week, with Sun Pharma and TCS winning big amid a recovery in the broader market.
The market capitalisation (m-cap) of Sun Pharma zoomed by Rs 19,962.8 crore to Rs 2,10,096.72 crore, the most among the top 10.
TCS' valuation spiked by Rs 18,906.26 crore to Rs 4,71,168.73 crore and that of CIL surged by Rs 12,695.89 crore to Rs 2,02,155.24 crore.
The m-cap of RIL was up by Rs 10,074.54 crore at Rs 3,35,294.22 crore, HUL (Rs 9,575.13 crore at Rs 1,76,766.61 crore) and ITC (Rs 8,719.81 crore at Rs 2,56,772.25 crore).
ONGC's market cap climbed Rs 8,256.05 crore to Rs 1,93,439.63 crore and Infosys' rose Rs 6,649.66 crore to Rs 2,67,559.60 crore.
Similarly, HDFC Bank saw a rise of Rs 4,709.29 crore to Rs 2,64,868.94 crore and HDFC added Rs 3,117.98 crore to Rs 1,85,910.89 crore in its valuation.
On the domestic m-cap chart, TCS was the leader, followed by RIL, Infosys, HDFC Bank, ITC, Sun Pharma, CIL, ONGC, HDFC and HUL, in that order.
For the week gone by, the benchmark BSE Sensex rose 1.78 per cent to 24,870.69.
