In a week that saw days of stock indices gains as markets rejoiced Federal Reserve rate cuts, the combined market valuation of seven of the top-10 most-valued firms jumped by ₹1,18,328.29 crore.
Last week, the BSE benchmark had surged 721.53 points or 0.88 per cent.
The top gainers were the State Bank of India and Bharti Airtel, both witnessing an increase in their market capitalisation (mcap) by ₹35,953.25 crore to ₹7,95,910 crore and ₹33,214.77 crore to end at ₹11,18,952.64 crore respectively.
Other gainers in the pack were Reliance Industries, HDFC Bank, Tata Consultancy Services (TCS), Infosys and Life Insurance Corporation of India (LIC), while ICICI Bank, Bajaj Finance and Hindustan Unilever emerged as the laggards.
Also Read: Bajaj Finance biggest gainer in mcap jump of 8 most-valued firms
The market capitalisation (mcap) of Reliance Industries zoomed ₹17,389.23 crore to ₹19,04,898.51 crore and that of TCS surged by ₹12,952.75 crore to ₹11,46,879.47 crore.
LIC's valuation edged higher by ₹12,460.25 crore to ₹5,65,612.92 crore and that of Infosys climbed ₹6,127.73 crore to ₹6,39,901.03 crore.
The mcap of HDFC Bank went up by ₹230.31 crore to ₹14,84,816.26 crore, but the market valuation of ICICI Bank declined by ₹10,707.87 crore to ₹10,01,654.46 crore.
The mcap of Bajaj Finance eroded by ₹6,346.93 crore to ₹6,17,892.72 crore and that of Hindustan Unilever dipped by ₹5,039.87 crore to ₹6,01,225.16 crore.
Reliance Industries remained at the top in the market valuation chart followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever and LIC.
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