Market valuation of 5 of top 10 firms spikes by Rs 60,675.94 crore

In a holiday-shortened last week, the combined market valuation of five of the top 10 most valued firms increased by Rs 60,675.94 crore. State Bank of India and HDFC Bank emerged as the lead gainers in line with a positive trend in equities.

Reliance Industries, HDFC Bank, Bharti Airtel, State Bank of India and Infosys saw an addition in their valuation.

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Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever Ltd, Life Insurance Corporation of India (LIC), and Bajaj Finance faced erosion.

The valuation of State Bank of India jumped Rs 20,445.82 crore to Rs 7,63,095.16 crore, the most among the top-10 firms, and the mcap of HDFC Bank surged Rs 14,083.51 crore to Rs 15,28,387.09 crore.

The mcap of LIC tumbled Rs 15,306.5 crore to Rs 5,61,881.17 crore. Bajaj Finance faced an erosion of Rs 9,601.08 crore to Rs 5,35,547.44 crore, while ICICI Bank’s valuation declined by Rs 6,513.34 crore to Rs 10,18,982.35 crore.

In a rank-wise analysis, Reliance Industries retained the title of the most valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Hindustan Unilever, LIC, and Bajaj Finance.

Infosys added Rs 9,887.17 crore, taking its valuation to Rs 6,01,310.19 crore, while TCS fell by Rs 4,558.79 crore to Rs 10,93,349.87 crore.

The mcap of Bharti Airtel surged by Rs 8,410.6 crore to Rs 10,68,260.92 crore, and that of Reliance Industries’ valuation went up by Rs 7,848.84 crore to Rs 18,59,023.43 crore.

In a week, Sensex climbed 739.87 points or 0.92 per cent, and the Nifty edged higher by 268 points or 1.10 per cent.