Market valuation of 7 of top 10 most valued firms spikes over Rs 1 lakh crore

The combined market valuation of seven of the top 10 most valued firms jumped Rs 1,06,250.95 crore last week. Bajaj Finance and Reliance Industries emerged as the biggest gainers.

The valuation of Bajaj Finance surged Rs 37,960.96 crore to Rs 5,83,451.27 crore, while Reliance Industries added Rs 23,343.51 crore to Rs 18,59,767.71 crore.

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Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Bajaj Finance, and LIC were the winners, while TCS, Infosys, and Hindustan Unilever face erosion.

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

State Bank of India’s mcap rallied by Rs 4,246.09 crore to Rs 7,44,864.69 crore, while HDFC Bank jumped Rs 17,580.42 crore to Rs 14,78,444.32 crore.

ICICI Bank’s valuation went up by Rs 3,426.46 crore to Rs 10,01,717.42 crore, and that of Life Insurance Corporation of India (LIC) climbed Rs 15,559.49 crore to Rs 5,54,607.42 crore.

The valuation of Bajaj Finance surged Rs 37,960.96 crore to Rs 5,83,451.27 crore.

The market valuation of Tata Consultancy Services (TCS) tanked by Rs 13,007.02 crore to Rs 11,02,955.89 crore, while that of Infosys eroded by Rs 10,427.47 crore to Rs 6,00,036.47 crore.

Bharti Airtel edged higher by Rs 4,134.02 crore to Rs 10,81,347.25 crore, and that of Hindustan Unilever declined by Rs 6,296.91 crore to Rs 6,18,694.37 crore.

On Friday, the market recovered from the day’s low to end flat in a volatile session. Selling was seen in the FMCG, IT, and real estate. On the other hand, buying in the auto, metal, media and consumer discretionary stocks helped to regain the intraday losses.

At close, the Sensex was down 7.25 points or 0.01 per cent at 80,710.76, and the Nifty was up 6.70 points or 0.03 per cent at 24,741.