A majority of the top-10 most-valued firms continued their climb in the combined market valuation this past week that ended on November 28, with Reliance Industries and Bajaj Finance stealing the spotlight.
Reliance Industries added ₹28,282.86 crore, taking its market valuation to ₹21,20,335.47 crore, while the valuation of Bajaj Finance climbed ₹20,347.52 crore to ₹6,45,676.11 crore.
The combined market valuation of seven of the top-10 most valued firms climbed ₹96,200.95 crore last week, in tandem with an optimistic trend in equities as the Sensex hit a record high of 86,055.86 on Thursday.
Last week, the BSE benchmark climbed 474.75 points or 0.55 per cent.
From the top-10 pack, Reliance Industries, HDFC Bank, ICICI Bank, State Bank of India, Infosys, Bajaj Finance and Hindustan Unilever were the gainers, while Bharti Airtel, Tata Consultancy Services (TCS) and Life Insurance Corporation of India (LIC) faced erosion from their valuation.
Also Read: Bajaj Finance biggest gainer in mcap jump of 8 most-valued firms
HDFC Bank’s valuation jumped ₹13,611.11 crore to ₹15,48,743.67 crore, and that of ICICI Bank surged by ₹13,599.62 crore to ₹9,92,725.97 crore. The market capitalisation (mcap) of Hindustan Unilever edged higher by ₹7,671.41 crore to ₹5,79,644.16 crore, and that of State Bank of India went up by ₹6,415.28 crore to ₹9,04,185.15 crore.
The valuation of Infosys also climbed ₹6,273.15 crore to ₹6,47,961.98 crore.
However, the mcap of Bharti Airtel dropped by ₹35,239.01 crore to ₹11,98,040.84 crore, and that of LIC declined by ₹4,996.75 crore to ₹5,65,581.29 crore, while TCS’ mcap dipped by ₹3,762.81 crore to ₹11,35,952.85 crore.
In the ranking of top-10 firms, Reliance Industries was leading the pack, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever and LIC.
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