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.
The combined market valuation of four of the top10 most valued firms eroded by Rs 96,605.66 crore last week.
Bharti Airtel has flagged a staggering 8 billion spam calls and 0.8 billion spam SMSes within two and a half months of launching its AIpowered spam fighting solution.
In the last week, the 5 out of 10 companies added Rs 1,13,117.17 crore to their total market valuation.
Last week, Nifty fell 50 points or 0.20 per cent to 24,964 and Sensex fell 307 points or 0.38 per cent to 81,381. This was the second consecutive week when the market closed in the red.
Nine of the top-10 most valued firms together added Rs 2,01,552.69 crore in market valuation last week.
