Markets

Market Valuation of 9 of Top-10 Most Valued Firms Jumps ₹1 Lakh Cr; RIL, HDFC Bank Lead Gains

Nine of India’s top-10 firms added over ₹1 lakh crore in market value last week, led by Reliance Industries and HDFC Bank

Top 9 firms add ₹1L crore; Reliance, HDFC lead gains.
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Nine of the top-10 most valued firms together added ₹1,00,850.96 crore in market valuation last week, with Reliance Industries and HDFC Bank stealing the show with maximum gain, in line with an optimistic trend in equities.

Last week, the BSE benchmark Sensex surged 737.98 points, or 0.90 per cent.

From the top-10 pack, Tata Consultancy Services (TCS) emerged as the only laggard, while Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Life Insurance Corporation of India, Bajaj Finance and Hindustan Unilever Ltd were the gainers.

The market valuation of Reliance Industries jumped ₹30,786.38 crore to ₹19,53,480.09 crore, the most among top-10 firms.

HDFC Bank's valuation surged ₹26,668.23 crore to ₹15,15,853.85 crore.

Bajaj Finance added ₹12,322.96 crore taking its valuation to ₹5,82,469.45 crore.

The market capitalisation (mcap) of ICICI Bank rallied ₹9,790.87 crore to ₹10,41,053.07 crore.

Hindustan Unilever's mcap zoomed ₹9,280.89 crore to ₹5,61,282.11 crore.

The market valuation of Bharti Airtel climbed ₹7,127.63 crore to ₹10,65,894.55 crore and that of Life Insurance Corporation of India (LIC) advanced ₹3,953.12 crore to ₹6,07,073.28 crore.

Infosys added ₹519.27 crore to its mcap, which stood at ₹6,49,739.73 crore.

State Bank of India's valuation went up ₹401.61 crore to ₹7,25,437.74 crore.

However, the mcap of TCS dropped ₹28,510.53 crore to ₹12,24,975.89 crore.

In the top-10 chart, Reliance Industries remained the most-valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, Bajaj Finance and Hindustan Unilever.

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