ITC, 9 Other Companies Add Rs 98,598 Crore To Market Value

New Delhi: Driven by a sharp rally in the stock market during the week that ended on May 27, the combined market valuation of top ten most valued Indian companies soared by a whopping Rs 98,598 crore, with ITC emerging as the biggest mover.

The market capitalisation (M-Cap) of ITC skyrocketed by Rs 23,739.27 crore to Rs 2,89,256.86 crore, scooping up the biggest gain among the top ten firms.

Reliance Industries' valuation soared by Rs 12,495.16 crore to Rs 3,15,263.60 crore.

The market value of HDFC jumped by Rs 12,227.71 crore to Rs 1,98,703.68 crore while that of HDFC Bank advanced by Rs 11,900.05 crore to Rs 3,00,308.60 crore.

HUL's M-Cap went up by Rs 10,581.65 crore to Rs 1,86,433.99 crore.

The valuation of Infosys jumped by Rs 10,255.86 crore to Rs 2,86,291.18 crore while that of Sun Pharma climbed by Rs 8,050.39 crore to Rs 1,98,672.60 crore.

The market cap of Tata Consultancy Services (TCS) rose by Rs 7,881.71 crore to Rs 5,06,803.92 crore while that of CIL rose by Rs 1,294.85 crore to Rs 1,77,710.91 crore.

ONGC's M-Cap rose by Rs 171.11 crore to Rs 1,82,360.27 crore.

In terms of final valuation, TCS retained its top position, followed by RIL, HDFC Bank, ITC, Infosys, HDFC, Sun Pharma, HUL, ONGC and CIL. 

On a weekly basis, the Sensex climbed 1,351.70 points, or 5.34 per cent, while the NSE Nifty surged 406.95 points, or 5.25 per cent. For both the indices, the jump is their biggest weekly gain since March 4.