Helped by a sharp surge in the market value of Bharti Airtel, the combined market capitalisation (m-cap) of seven of the country's top-10 most valued companies advanced by Rs 44,787.42 crore last week. RIL, ONGC, TCS, ITC, Infosys, Bharti Airtel and SBI saw gains in their market cap, while Coal India, NTPC and HDFC Bank witnessed erosion in their values. Telecom major Bharti added Rs 12,494.42 crore to its m-cap, which reached Rs 1,42,350.42 crore on Friday. Country's most valued company RIL saw its value accelerate by Rs 7,941 crore to Rs 2,67,719 crore. State-run ONGC's market worth jumped to Rs 2,38,313 crore from Rs 2,35,275 crore on January 20.
Source: Economic Times
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