With Indian equity markets faring well in the week ending November 21, the combined market valuation of at least seven of the top-10 most-valued firms in India also surged, led by Reliance Industries and Bharti Airtel.
The market capitalisation (mcap) surge by ₹1,28,281.52 crore last week was in line with a positive trend in equities as the BSE benchmark jumped 669.14 points or 0.79 per cent.
While Reliance Industries, HDFC Bank, Bharti Airtel, Tata Consultancy Services (TCS), State Bank of India, Infosys and Hindustan Unilever were the gainers, Bajaj Finance, Life Insurance Corporation of India (LIC) and ICICI Bank faced erosion in their valuation.
The market valuation of Reliance Industries jumped by ₹36,673 crore to ₹20,92,052.61 crore, while that of Bharti Airtel surged by ₹36,579.01 crore to ₹12,33,279.85 crore.
The valuation of Infosys increased by ₹17,490.03 crore to ₹6,41,688.83 crore, and that of TCS rallied by ₹16,299.49 crore to ₹11,39,715.66 crore.
Also Read: Mcap of top-10 valued firms surges by ₹2.05 lakh crore
In blue-chip banks, the market capitalisationof HDFC Bank grew by ₹14,608.22 crore to ₹15,35,132.56 crore, and that of State Bank of India rose by ₹4,846.08 crore to ₹8,97,769.87 crore.
While Hindustan Unilever’s mcap advanced by ₹1,785.69 crore to ₹5,71,972.75 crore, the market valuation of Bajaj Finance eroded by ₹8,244.79 crore to ₹6,25,328.59 crore.
The mcap of LIC also tumbled by ₹4,522.38 crore to ₹5,70,578.04 crore, as did that of ICICI Bank, which declined by ₹1,248.08 crore to ₹9,79,126.35 crore.
Reliance Industries remained the most valued domestic firm, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever and LIC.
Follow us
