The combined market valuation of at least five of the top-10 most valued firms – including Tata Consultancy Services (TCS) and Infosys – surged by ₹72,284.74 crore last week, as the BSE benchmark eked out a marginal gain of 5.7 points, while the NSE Nifty dipped 16.5 points.
While Bharti Airtel, TCS, ICICI Bank, Infosys and Bajaj Finance were the gainers, Reliance Industries, HDFC Bank, State Bank of India, Larsen & Toubro, and Life Insurance Corporation of India (LIC) faced erosion from their valuation in a departure from gains the past few weeks.
TCS added ₹35,909.52 crore, taking its market valuation to ₹11,71,862.37 crore, while the market capitalisation (mcap) of Infosys jumped ₹23,404.55 crore to ₹6,71,366.53 crore.
The valuation of Bajaj Finance climbed ₹6,720.28 crore to ₹6,52,396.39 crore and that of Bharti Airtel edged higher by ₹3,791.9 crore to ₹12,01,832.74 crore.
Also Read: Bajaj Finance leads mcap surge of 7 of top-10 most-valued firms
The mcap of ICICI Bank, meanwhile, went up ₹2,458.49 crore to ₹9,95,184.46 crore.
However, the market valuation of Reliance Industries tumbled ₹35,116.76 crore to ₹20,85,218.71 crore, and that of LIC dropped by ₹15,559.49 crore to ₹5,50,021.80 crore.
The valuation of State Bank of India declined by ₹7,522.96 crore to ₹8,96,662.19 crore and that of HDFC Bank slid ₹5,724.03 crore to ₹15,43,019.64 crore.
The mcap of Larsen & Toubro dipped by ₹4,185.39 crore to ₹5,55,459.56 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, Larsen & Toubro and LIC.
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