Sun Pharma and ONGC emerging as biggest gainers
The combined market valuation of six of the top 10 Sensex companies rose Rs 53,284.6 crore in the week gone by, with Sun Pharma and ONGC emerging as the biggest gainers.
While RIL, ONGC, ITC, Sun Pharma, SBI and HDFC made gains in their market capitalisation (m-cap) for the week ended Friday, TCS, HDFC Bank, Infosys and CIL ran up losses.
The latter four together lost Rs 50,552 crore in market valuation.
The m-cap of Sun Pharma soared Rs 17,938 crore to Rs 2,49,580.69 crore while that of ONGC jumped Rs 17,239.31 crore to Rs 2,82,245.62 crore.
The market cap of RIL surged Rs 7,531.52 crore to Rs 2,99,924.43 crore and ITC's rose Rs 4,568.85 crore to Rs 2,81,945.90 crore.
SBI's valuation moved up Rs 4,085.75 crore to Rs 2,20,214.48 crore and HDFC added Rs 1,921.12 crore to its corresponding figure of Rs 2,05,103.56 crore.
In contrast, the m-cap of TCS slumped Rs 34,424.65 crore to Rs 4,85,020.22 crore.
The country's largest software exporter had on Thursday reported a 27% slump in the March quarter net profit, impacted by a one-time Rs 2,628-crore employee bonus.
Infosys lost Rs 5,897.41 crore at Rs 2,50,590.92 crore on valuation and HDFC Bank's m-cap slid Rs 5,840.13 crore to Rs 2,55,386.81 crore.
In the case of CIL, the market cap lost ground by Rs 4,389.87 crore to Rs 2,40,716.65 crore.
In the top 10 league, TCS retained the No.1 slot followed by RIL, ONGC, ITC, HDFC Bank, Infosys, Sun Pharma, CIL, SBI and HDFC.
The BSE benchmark Sensex fell 437.28 points during the week to end at 28,442.10 on Friday.
