There was another surge in the combined market valuation of seven of the top-10 most-valued firms last week, led by Reliance Industries and Bharti Airtel, as Indian equity benchmarks also saw a jump of 1,451.37 points or 1.75 per cent.
The market valuation increased by ₹2,16,544.29 crore, with Reliance Industries’ valuation jumping ₹47,363.65 crore to ₹19,17,483.71 crore – the most among the top-10 firms.
Bharti Airtel also stole the limelight with an addition of ₹41,254.73 crore, taking its valuation to ₹11,47,235.08 crore.
From the top-10 pack, besides Reliance Industries and Bharti Airtel, ICICI Bank, HDFC Bank, State Bank of India, Bajaj Finance and Hindustan Unilever were the gainers.
Tata Consultancy Services (TCS), Infosys and Life Insurance Corporation of India (LIC) faced erosion from their valuation.
Also Read: TCS leads mcap jump by ₹1.94 lakh-cr
The market capitalisation (mcap) of ICICI Bank surged by ₹40,123.88 crore to ₹10,26,491.35 crore and that of HDFC Bank rallied ₹33,185.59 crore to ₹15,40,210.78 crore.
The valuation of Bajaj Finance climbed ₹28,903.45 crore to ₹6,65,899.19 crore.
The mcap of Hindustan Unilever edged higher by ₹17,774.65 crore to ₹6,12,009.78 crore and that of State Bank of India went up by ₹7,938.34 crore to ₹8,20,924.98 crore.
However, the valuation of Infosys dropped by ₹30,306.35 crore to ₹5,98,773.87 crore.
The mcap of TCS declined by ₹23,807.01 crore to ₹10,71,894.61 crore and that of LIC dipped by ₹7,684.87 crore to ₹5,60,173.42 crore.
Reliance Industries remained the most valued firm followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Bajaj Finance, Hindustan Unilever, Infosys and LIC.
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