Market valuation of 4 of top-10 firms surge by Rs 2.20 lakh crore
The combined market valuation of four of the top-10 most valued firms surged by Rs 2.20 lakh crore last week.
The combined market valuation of four of the top-10 most valued firms surged by Rs 2.20 lakh crore last week.
Last week, the combined market valuation of eight of the top-10 most-valued firms eroded by Rs 2,81,581.53 crore.
Hindustan Unilever added Rs 5,462.81 crore taking its mcap to Rs 5,49,393.18 crore.
At the close, the Sensex settled 1,068.74 points, or 1.28 per cent, lower at 82,225.92, while the broader Nifty ended at 25,424.65, down 288.35 points, or 1.12 per cent.
The announcement comes days after Airtel Money was granted NBFC license by the Reserve Bank of India on February 13.
In a week, the combined market valuation of four of the top 10 valued firms jumped by Rs 95,447.38 crore. Reliance Industries emerged as the biggest gainer.
The market valuation of Reliance Industries jumped by Rs 47,363.65 crore to Rs 19,17,483.71 crore, while Bharti Airtel added Rs 41,254.73 crore, taking its valuation to Rs 11,47,235.08 crore.
The combined market valuation of the top-10 most valued firms eroded by Rs 2,99,661.36 crore last week, in line with a bearish trend in equities. Tata Consultancy Services (TCS) recorded the sharpest drop among them.
The combined market valuation of seven of India’s top-10 most valuable companies surged by Rs 1,18,328.29 crore last week, reflecting an optimistic trend in equities.
The combined market valuation of eight of the top-10 most valued firms jumped by Rs 1,69,506.83 crore last week. Bajaj Finance emerged as the biggest gainer.
