8 of top-10 cos add Rs26k cr in m-cap; RIL major gainer

In the week that saw the benchmark index Sensex scaling new heights, eight out of the top 10 companies added over Rs26,000 crore to their market capitalisation, with Reliance Industries emerging as the top gainer.State-run oil firm ONGC and top outsourcing firm TCS, however, together lost Rs 7,102.96 crore from their market capitalisation (m-cap) for the week ended April 9. During the week, the 30-share index of the Bombay Stock Exchange (BSE) touched a 25-month high of 18,047.86 points but closed a tad lower at 17,933.14 points, yet gaining 1.23% at the end of Friday’s trade.Reliance Industries, the numero uno in the list, saw its valuation surging by Rs 9,913.6 crore to end the week at Rs3,67,573.24 crore. RIL surged nearly 3% to close at Rs1,123.95 on the BSE at the end of the trade. Oil major ONGC, which is the second largest scrip by m-cap, however, lost Rs 4,128.02 crore from its valuation, while power producer NTPC, at third spot, saw its m-cap swelling by Rs3,009.59 crore.ONGC’s m-cap stood at Rs2,27,928.68 crore, while NTPC’s valuation rose to Rs 1,74,391.48 crore. Trading firm MMTC and leading outsourcing firm TCS shuffled their earlier positions with each other. MMTC inched up to the fourth place from fifth after adding Rs745.5 crore to its m-cap, while TCS slipped to the fifth spot after losing Rs2,974.94 crore from its m-cap. It can be noted that the IT counters had a bad week last week as investors had been selling the IT stocks following the steep rise in the rupee against the dollar. The total market valuation of MMTC stood at Rs1,58,615 crore and TCS saw its valuation dipping to Rs1,55,117.89 crore.IT bellwether Infosys Technologies, however, bucked the trend and added Rs 427.5 crore to its m-cap to occupy the sixth slot, as investors are betting on a better-than-expected Q4 earnings by the company. Infosys will announce its fourth quarter results on 13 April. The country’s largest public sector lender SBI, which was at the seventh spot added Rs180.94 crore to its valuation.Infosys saw its valuation surging to Rs1,53,717.77 crore while SBI’s m-cap swelled to Rs1,33,740.65 crore during the week. State-run power equipment supplier Bhel, at the eighth spot, added Rs 7,080.91 crore to its m-cap and and mining giant NMDC, at the ninth position, saw its valuation surging by Rs2,676.18 crore. The total market valuation of Bhel stood at Rs1,25,500.69 crore and NMDC at Rs1,19,535.71 crore.Telecom leader Bharti Airtel saw its valuation swelling by Rs2,240.53 crore, taking its total m-cap to Rs1,16,982.6 crore.