Combined market valuation of seven of ten most valued Indian companies surges by whopping Rs 51,613.42 crore

The combined market valuation of the top seven of the 10 most valued Indian companies surged by Rs 51,613.42 crore last week, with ITC taking the lion's share of gains.

Barring TCS, ONGC and Infosys, market capitalisation rose for the rest of the seven companies for the week ended Friday.

The market capitalisation of ITC was higher by Rs 18,128.54 crore at Rs 3,30,375.99 crore, making it the biggest gainer.

SBI's valuation went up by Rs 14,307 crore to Rs 2,21,185.01 crore and that of Coal India jumped Rs 5,741.86 crore to Rs 2,02,392.58 crore.

The m-cap of HDFC Bank soared Rs 5,057.77 crore to Rs 3,35,467.64 crore. HDFC's rose by Rs 4,002.33 crore to Rs 2,21,269.62 crore and RIL saw an advance of Rs 2,773.47 crore to Rs 3,35,313.85 crore.

IOC's valuation rose Rs 1,602.45 crore to Rs 1,88,093.48 crore. In contrast, TCS suffered an erosion of Rs 24,492.42 crore in its m-cap to Rs 4,40,144.34 crore.

ONGC's valuation declined by Rs 4,619.97 crore to Rs 2,57,883.86 crore and that of Infosys slipped Rs 1,653.8 crore to Rs 2,14,752.84 crore.

In terms of total m-cap ranking, TCS led the chart followed by RIL, HDFC Bank, ITC, ONGC, HDFC, SBI, Infosys, CIL (Coal India) and IOC. Over the past week, the Sensex rallied 358.06 points, or 1.28 per cent, and the Nifty 99.70 points, or 1.15 per cent.