Mcap Of Top 7 Firms Rise By Rs 2.31L Cr
RIL, Airtel, ICICI, Infosys, HDFC, SBI and ITC were the gainers; Bajaj Finance, HUL, and TCS saw an erosion of Rs1,8740.33 from their market valuations
Mcap Of Top 7 Firms Rise By Rs 2.31L Cr
Mumbai: In a positive week for the Indian stock market, seven of the top ten most valuable companies saw their market valuations increase by a total of Rs 2.31 lakh crore. The equity market sentiment was generally upbeat, contributing to these gains.
The companies that experienced an increase in their market value included Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India (SBI), Infosys and ITC.
On the other hand, Bajaj Finance, Hindustan Unilever, and TCS saw a dip in their valuations during the week. The Bombay Stock Exchange (BSE) benchmark index gained 1,289.46 points, or 1.62 per cent, during the week, despite the market being closed for Maharashtra Day on Thursday.
Among the companies that gained include, Reliance Industries which jumped Rs 1,64,959.62 crore to Rs 19,24,235.76 crore. HDFC Bank saw its market valuation rise by Rs 11,514.78 crore, bringing its total to Rs 14,73,356.95 crore. Bharti Airtel added Rs 20,755.67 crore, taking its valuation to Rs 10,56,029.91 crore. ICICI Bank increased its market value by Rs 19,381.9 crore, reaching Rs 10,20,200.69 crore. Infosys gained Rs 10,902.31 crore, with its market cap reaching Rs 6,25,668.37 crore. ITC added Rs 2,502.82 crore, bringing its valuation to Rs 5,38,294.86 crore.
