In line with an optimistic trend at Dalal Street, the combined market valuation of eight of the top-10 most-valued firms jumped by ₹1,94,148.73 crore last week, with Tata Consultancy Services (TCS) emerging as the biggest gainer.
Other gainers were Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Bajaj Finance and Infosys; while Hindustan Unilever and Life Insurance Corporation of India (LIC) faced erosion from their market valuation.
TCS added ₹45,678.35 crore to its market value, taking the total valuation to ₹10,95,701.62 crore.
The valuation of Infosys, meanwhile, jumped ₹28,125.29 crore to ₹6,29,080.22 crore, and that of HDFC Bank surged ₹25,135.62 crore to ₹15,07,025.19 crore.
Also Read: HDFC biggest gainer in mcap jump of 7 most-valued firms
Bharti Airtel’s market valuation zoomed ₹25,089.27 crore to ₹11,05,980.35 crore and the market capitalisation (mcap) of Reliance Industries climbed ₹25,035.08 crore to ₹18,70,120.06 crore.
The mcap of Bajaj Finance rallied ₹21,187.56 crore to ₹6,36,995.74 crore and that of State Bank of India edged higher by ₹12,645.94 crore to ₹8,12,986.64 crore. The valuation of ICICI Bank went up by ₹11,251.62 crore to ₹9,86,367.47 crore.
However, the mcap of LIC eroded by ₹4,648.88 crore to ₹5,67,858.29 crore and that of Hindustan Unilever declined by ₹3,571.37 crore to ₹5,94,235.13 crore.
Reliance Industries remained the most-valued firm, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Bajaj Finance, Infosys, Hindustan Unilever and LIC.
Last week, the BSE benchmark surged 1,293.65 points or 1.59 per cent.
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