more-inEight of the 10 most valued Indian companies together added nearly ₹86,000 crore to their market valuation last week, with IT major Tata Consultancy Services (TCS) emerging as the biggest gainer. Barring Oil and Natural Gas Corporation (ONGC) and Infosys, rest of the eight blue-chip companies saw a total addition of ₹85,998.28 crore in market capitalisation (m-cap) during the week ended Friday. The m-cap of State Bank of India (SBI) soared by ₹15,973.11 crore to ₹2,31,860.78 crore and Maruti Suzuki India’s valuation climbed ₹10,412.70 crore to ₹2,78,150.79 crore. The valuation of HDFC Bank increased by ₹8,109.66 crore to ₹4,98,958.01 crore. On the other hand, the valuation of ONGC plunged by ₹1,154.99 crore to ₹2,27,019.93 crore while Infosys saw its m-cap decline by ₹1,113.90 crore to ₹2,46,652.02 crore.

Source: The Hindu April 08, 2018 12:00 UTC