New Delhi: The combined market valuation of nine of the top-10 most valued firms jumped Rs 2.26 lakh crore last week, with Tata Consultancy Services (TCS) and Infosys emerging as the biggest gainers amid an overall bullish trend in equities.
Last week, the BSE benchmark jumped 1,658.15 points or 2.37 per cent.
The 30-share BSE Sensex zoomed 969.55 points or 1.37 per cent to settle at its record closing high of 71,483.75 Friday. During the day, it surged 1,091.56 points or 1.54 per cent to 71,605.76, its all-time intra-day high level.
The combined market valuation of the nine firms, including Reliance Industries, TCS, ICICI Bank and Infosys, jumped Rs2,26,391.77 crore, while Bharti Airtel emerged as the only laggard from the top-10 pack.
The market valuation of TCS jumped Rs85,493.74 crore to Rs14,12,412.13 crore, the most among the top-10 firms.
Infosys added Rs36,793.61 crore, taking its valuation to Rs6,55,457.54 crore.
The market valuation of State Bank of India surged Rs30,700.67 crore to Rs5,78,671.84 crore, and that of Reliance Industries climbed Rs26,386.16 crore to reach Rs16,88,173.26 crore.
The market capitalisation (mcap) of ICICI Bank rallied Rs18,493.9 crore to Rs7,27,330.82 crore, and that of Life Insurance Corporation of India (LIC) zoomed Rs14,294.5 crore to Rs5,03,722.82 crore.
ITC’s valuation moved up by Rs11,412.78 crore to Rs5,71,636.39 crore, and that of HDFC Bank grew by Rs2,428.72 crore to Rs12,57,093.46 crore.
Hindustan Unilever Limited added Rs387.69 crore, taking its valuation to Rs5,92,801.88 crore.
However, Bharti Airtel’s valuation declined by Rs3,654.15 crore to Rs5,58,242.75 crore.
Reliance Industries continued to retain the title of the most valued firm, followed by TCS, HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever, State Bank of India, ITC, Bharti Airtel and LIC.
PTI