Top 9 most-valued firms add Rs 1 lakh Cr in market cap; Reliance, HDFC Bank lead gains
Last week, the BSE benchmark Sensex surged 737.98 points, or 0.90%. From the top-10 pack, TCS emerged as the only laggard, while the rest were all gainers.
Nine of the top-10 most valued firms together added Rs 1,00,850.96 crore in market valuation last week. Reliance Industries and HDFC Bank stole the show with maximum gain and are in line with an optimistic trend in equities.
Last week, the BSE benchmark Sensex surged 737.98 points, or 0.90%.
From the top-10 pack, Tata Consultancy Services (TCS) emerged as the only laggard, while Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Life Insurance Corporation of India, Bajaj Finance, and Hindustan Unilever Ltd were the gainers.
- The market valuation of Reliance Industries jumped from Rs 30,786.38 crore to Rs 19,53,480.09 crore, the most among the top 10 firms.
- HDFC Bank's valuation surged from Rs 26,668.23 crore to Rs 15,15,853.85 crore.
- Bajaj Finance added Rs 12,322.96 crore taking its valuation to Rs 5,82,469.45 crore.
- The market capitalisation (mcap) of ICICI Bank rallied Rs 9,790.87 crore to Rs 10,41,053.07 crore.
- Hindustan Unilever's mcap zoomed Rs 9,280.89 crore to Rs 5,61,282.11 crore.
- The market valuation of Bharti Airtel climbed Rs 7,127.63 crore to Rs 10,65,894.55 crore.
- Life Insurance Corporation of India (LIC) advanced Rs 3,953.12 crore to Rs 6,07,073.28 crore.
- Infosys added Rs 519.27 crore to its mcap, which stood at Rs 6,49,739.73 crore.
- State Bank of India's valuation went up Rs 401.61 crore to Rs 7,25,437.74 crore.
However, the mcap of TCS dropped Rs 28,510.53 crore to Rs 12,24,975.89 crore.
In the top-10 chart, Reliance Industries remained the most-valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, Bajaj Finance, and Hindustan Unilever.