The combined market valuation of six of the top-10 most-valued firms jumped ₹2,03,116.81 crore last week, with Tata Consultancy Services and HDFC Bank emerging the largest gainers, in-line with an optimistic trend at the Dalal Street.
Last week, the BSE benchmark increased 1,906.33 points, or 2.38 per cent, and the NSE Nifty climbed 546.7 points, or 2.26 per cent.
While Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, Infosys, and State Bank of India were the winners from the pack, Bharti Airtel, Life Insurance Corporation of India (LIC), ITC, and Hindustan Unilever emerged the laggards.
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The market valuation of TCS surged ₹62,574.82 crore to ₹16,08,782.61 crore. HDFC Bank added ₹45,338.17 crore taking its market valuation to ₹14,19,270.28 crore.
The valuation of Infosys jumped ₹26,885.8 crore to ₹7,98,560.13 crore and that of Reliance Industries soared ₹26,185.14 crore to ₹17,75,176.68 crore.
State Bank of India’s market capitalisation (mcap) climbed ₹22,311.55 crore to ₹7,71,087.17 crore and that of ICICI Bank rallied ₹19,821.33 crore to ₹9,37,545.57 crore.
However, Bharti Airtel’s valuation eroded ₹16,720.1 crore to ₹9,10,005.80 crore. The mcap of ITC declined ₹7,256.27 crore to ₹5,89,572.01 crore.
The market valuation of Hindustan Unilever went lower by ₹2,843.01 crore to ₹5,83,673.71 crore. The mcap of LIC dipped ₹1,265 crore to ₹6,21,937.02 crore.
Reliance Industries remained the most valuable firm, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, Infosys, State Bank of India, LIC, ITC, and Hindustan Unilever.
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