Seven of the top-10 most valued firms climbed Rs 74,573.63 crore last week, with HDFC Bank emerging as the biggest gainer in line with a positive trend in equities.
On the gaining side were HDFC Bank, Tata Consultancy Services (TCS), ICICI Bank, State Bank of India, Bajaj Finance, Hindustan Unilever, and Life Insurance Corporation of India (LIC), while Reliance Industries, Bharti Airtel, and Infosys faced erosion.
The valuation of State Bank of India surged Rs 9,276.77 crore to Rs 8,00,340.70 crore. HDFC Bank added Rs 30,106.28 crore, taking its market valuation to Rs 14,81,889.57 crore.
The mcap of ICICI Bank edged higher by Rs 3,108.17 crore to Rs 9,75,115.85 crore, and that of Bajaj Finance went up by Rs 2,893.45 crore to Rs 6,15,808.18 crore.
Hindustan Unilever climbed Rs 7,859.38 crore to Rs 5,97,806.50 crore, while the mcap of Bharti Airtel declined by Rs 12,031.45 crore to Rs 10,80,891.08 crore.
Infosys dipped by Rs 850.32 crore to Rs 6,00,954.93 crore, while the market valuation of TCS rallied by Rs 741.71 crore to Rs 10,50,023.27 crore.
However, Reliance Industries faced an erosion of ₹19,351.44 crore from its valuation, which stood at ₹18,45,084.98 crore.
Last week, the BSE benchmark climbed 780.71 points or 0.97 per cent, and the Nifty went up by 239.55 points or 0.97 per cent.
On Friday, the market ended near the day’s high, with Nifty reclaiming the 24,900 level. The response of the market came on a broad-based rally in metal, financial, and consumer durable shares, closing higher on a weekly basis as well.