Mumbai: The combined market valuation of 7 of the 10 most valued firms climbed Rs 3,04,477.25 crore last week. Last week, the BSE Sensex climbed 2,344.41 points or 3.47%. The top gainers were HDFC Bank and Life Insurance Corporation of India (LIC).
HDFC Bank’s valuation surged by Rs 74,076.15 crore to Rs 12,54,664.74 crore. The market capitalisation (mcap) of Life Insurance Corporation of India jumped by Rs 65,558.6 crore to Rs 4,89,428.32 crore. ICICI Bank’s mcap climbed Rs 45,466.21 crore to Rs 7,08,836.92 crore. Tata Consultancy Services (TCS) mcap surged Rs 42,737.72 crore to Rs 13,26,918.39 crore and that of Reliance Industries Ltd soared Rs 42,454.66 crore to Rs 16,61,787.10 crore.
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The valuation of State Bank of India rose by Rs 37,617.24 crore to Rs 5,47,971.17 crore and that of Infosys advanced by Rs 15,916.92 crore to Rs 6,18,663.93 crore.
However, the market valuation of Hindustan Unilever declined by Rs 9,844.79 crore to Rs 5,92,414.19 crore and that of Bharti Airtel fell Rs 8,569.98 crore to Rs 5,61,896.90 crore. The mcap of ITC declined by Rs 935.48 crore to Rs 5,60,223.61 crore.
In the ranking of top-10 firms, Reliance Industries Ltd retained the title of the most valued firm, followed by TCS, HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever Ltd, Bharti Airtel, ITC, State Bank of India, and Life Insurance Corporation of India.
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