Last week, the market valuation of eight of the top-10 most valued firms spiked by Rs 1,94,148.73 crore,with Tata Consultancy Services (TCS) emerging as the biggest gainer.
Reliance Industries, HDFC Bank, Bharti Airtel, Tata Consultancy Services (TCS), ICICI Bank, State Bank of India, Bajaj Finance and Infosys were the gainers while Hindustan Unilever and Life Insurance Corporation of India (LIC) faced erosion from their market valuation.
In a ranking of market valuation, 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.
TCS added Rs 45,678.35 crore taking its market valuation to Rs 10,95,701.62 crore while the valuation of Infosys jumped Rs 28,125.29 crore to Rs 6,29,080.22 crore.
The valuation of ICICI Bank went up by Rs 11,251.62 crore to Rs 9,86,367.47 crore and that of HDFC Bank surged Rs 25,135.62 crore to Rs 15,07,025.19 crore. State Bank of India edged higher by Rs 12,645.94 crore to Rs 8,12,986.64 crore.
The market capitalisation (mcap) of Reliance Industries climbed Rs 25,035.08 crore to Rs 18,70,120.06 crore while Bharti Airtel’s market valuation zoomed Rs 25,089.27 crore to Rs 11,05,980.35 crore.
The mcap of Bajaj Finance rallied Rs 21,187.56 crore to Rs 6,36,995.74 crore and that of LIC eroded by Rs 4,648.88 crore to Rs 5,67,858.29 crore.
Last week, the BSE benchmark surged 1,293.65 points or 1.59%. Stock market on Friday continued the upward journey for the second consecutive session. Nifty surpassed 25,300, intraday, for the first time since September 19.