Top-10 firms' m-cap up by Rs 1.08 lakh cr

Mumbai: The combined market capitalisation (m-cap) of the country's top-10 firms advanced by Rs 1,08,488.41 crore in March 4-April 1, 2011, period, with state-owned Oil and Natural Gas Corp emerging as the best performer.

The market worth of the oil and gas explorer accelerated by Rs 20,747.04 crore to Rs 2,50,547.23 crore during the period under review from March 4 to April 1, 2011.

Market leader Reliance Industries was the other major gainer with the addition of Rs 17,528.9 crore to its market valuation, which stood at Rs 3,38,892 crore as of the end of Friday's trade on the Bombay Stock Exchange.

Two of the IT giants, TCS and Infosys Technologies, together added Rs 17,759.28 crore to their cumulative valuation. The m-cap of sector leader TCS stood at Rs 2,30,881.1 crore, while that of Infosys was at Rs 1,84,769.73 crore at the end of Friday's session.

State-run Coal India also saw its valuation swell by Rs 14,148.64 crore to Rs 2,19,398.76 crore, while power producer NTPC's market cap surged by Rs 8,163.01 crore to Rs 1,55,756.74 crore.

Two of the country's biggest lenders -- SBI and ICICI Bank -- together added Rs 11,151.45 crore to their combined valuation, where the m-cap of SBI stood at Rs 1,72,685.53 crore, while that of ICICI was at Rs 1,26,690.31 crore.

FMCG honcho ITC saw its valuation advance by Rs 8,129.19 crore to Rs 1,41,375.09 crore, while private telecom player Bharti Airtel's m-cap went up by Rs 10,860.9 crore to Rs 1,34,944.87 crore.

The BSE 30-share key index Sensex surged by 973.89 points, or 5.27 per cent, during the month of March, 2011.

Source: Financial Express