The market valuation of six of top-10 most valued firms spiked by Rs 74,111.57 crore in a week, with Reliance Industries emerging as the biggest gainer. Reliance Industries added Rs 24,696.89 crore, taking its market valuation to Rs 18,33,117.70 crore.
Indian stock markets (photo IANS)
The market valuation of six of top-10 most valued firms spiked by Rs 74,111.57 crore in a week, with Reliance Industries emerging as the biggest gainer. Reliance Industries added Rs 24,696.89 crore, taking its market valuation to Rs 18,33,117.70 crore.
From the pack, the gainers were Reliance Industries, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro, and Life Insurance Corporation of India (LIC) while HDFC Bank, Bharti Airtel, State Bank of India and Hindustan Unilever faced erosion from their valuation.
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HDFC Bank’s mcap dipped by Rs 2,094.35 crore to Rs 11,79,974.90 crore and that of ICICI Bank surged Rs 14,515.93 crore to Rs 9,06,901.32 crore. State Bank of India declined by Rs 12,784.4 crore to Rs 8,76,077.92 crore.
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LIC’s valuation climbed Rs 9,076.37 crore to Rs 5,14,443.69 crore while Bajaj Finance edged higher by Rs 3,797.83 crore to Rs 5,70,515.57 crore.
The valuation of TCS jumped Rs 19,338.68 crore to Rs 8,38,401.33 crore.
Larsen & Toubro went up by Rs 2,685.87 crore to Rs 5,40,228.21 crore, Hindustan Unilever eroded by Rs 16,212.18 crore to Rs 5,17,380 crore and the market valuation of Bharti Airtel dropped by Rs 20,229.67 crore to Rs 11,40,295.49 crore.
Indian stock market on Friday ended with gains led by some heavyweights like banking including ICICI Bank, HDFC Bank, and Axis Bank.
During the session, market remained in positive territory but gains were capped by elevated crude oil prices and rising concerns about inflation.
At close, Sensex gained 231.99 points or 0.31 percent at 75,415.35, while the Nifty rose 64.60 points or 0.27 percent to settle at 23,719.30.
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