- ONGC stock up over 4% ahead of board meet for interim dividendBank of Baroda, SBI, others dangle lower interest rates to lure quality borrowersReliance Industries, ONGC and OIL India shares plunge on EC intervention in natural gas price hike casePSU banks rally on extension of Basel III deadline
In-line with a strong stock market, the combined market valuation of eight of the top-10 blue-chip companies surged Rs 72,095 crore last week, with ONGC, SBI and CIL emerging as the star performers.
Except TCS and Infosys, rest eight companies saw addition in their market capitalisation for the week ended March 28.
The m-cap of state-run ONGC zoomed by Rs 17,324 crore to Rs 2,80,833 crore, becoming the top gainer in the domestic market valuation chart.
SBI's market value surged Rs 14,920 crore to Rs 1,42,016 crore, while the m-cap of Coal India shot-up by Rs 14,211 crore to Rs 1,80,584 crore.
The valuation of RIL soared by Rs 8,355 crore to Rs 2,95,444 crore, while ICICI Bank added Rs 7,033 crore to Rs 1,45,361 crore.
HDFC's value rose by Rs 4,908 crore to Rs 1,36,272 crore, while HDFC Bank added Rs 3,257 crore to Rs 1,78,717 crore and that of ITC went up by Rs 2,087 crore to Rs 2,85,519 crore.
On the other hand, TCS lost Rs 3,918 crore to Rs 4,12,419 crore in m-cap, while Infosys' value went down by Rs 2,082 crore to Rs 1,87,071 crore.
In the ranking of top-10 firms, TCS enjoyed the numero- uno position, followed by RIL, ITC, ONGC, Infosys, CIL, HDFC Bank, ICICI Bank, SBI and HDFC.
The BSE Sensex ended at a new closing peak of 22,339.97, a gain of 584.65 points, or 2.69 per cent, over the last week.