In a week, the combined market valuation of eight of the top 10 most valued companies surged by Rs 2,05,185.08 crore. Bharti Airtel and Reliance Industries emerged as the biggest gainers.
Reliance Industries Ltd’s market valuation jumped by Rs 54,941.84 crore to Rs 20,55,379.61 crore, while the market capitalisation of Bharti Airtel surged by Rs 55,652.54 crore to Rs 11,96,700.84 crore.
The market capitalisation of Tata Consultancy Services zoomed by Rs 40,757.75 crore to Rs 11,23,416.17 crore, and that of Infosys advanced by Rs 10,448.32 crore to Rs 6,24,198.80 crore.
State Bank of India’s market valuation rallied by Rs 10,522.9 crore to Rs 8,92,923.79 crore,
HDFC Bank added Rs 9,149.13 crore, taking its market capitalisation to Rs 15,20,524.34 crore, and ICICI Bank climbed by Rs 20,834.35 crore to Rs 9,80,374.43 crore.
However, the mcap of Bajaj Finance declined by Rs 30,147.94 crore to Rs 6,33,573.38 crore, and that of Life Insurance Corporation of India’s market valuation tanked by Rs 9,266.12 crore to Rs 5,75,100.42 crore.
Hindustan Unilever rose by Rs 2,878.25 crore to Rs 5,70,187.06 crore.
In a rank-wise analysis, Reliance Industries remained the most valued company, followed by HDFC Bank, Bharti Airtel, Tata Consultancy Services, ICICI Bank, State Bank of India, Bajaj Finance, Infosys, Life Insurance Corporation of India and Hindustan Unilever.
The stock market settled flat on Friday as weak global cues and foreign fund outflows kept investor sentiment subdued.
At close, Sensex was 84.11 points or 0.10 per cent higher at 84,562.78, while the Nifty went up 30.90 points or 0.12 per cent to settle at 25,910.05. The Sensex began the trade on a negative note by declining 449.35 points or 0.53 per cent to 84,029.32, while the Nifty started the day off lower by 138.35 points or 0.53 per cent to 25,740.80.