New Delhi: Four of the top-10 valued firms added Rs1,71,309.28 crore to their market valuation last week with HDFC Bank and Life Insurance Corporation of India (LIC) emerging as the biggest gainers in line with an overall positive trend in equities. On the other hand, six companies from the top-10 pack took a Rs78,127.48 crore hit to their market valuation with index major Reliance Industries (RIL) accounting for the majority of the losses.
Last week, the BSE benchmark climbed 596.87 or 0.81 per cent. It hit an all-time high of 74,501.73 on April 4. While Tata Consultancy Services (TCS), HDFC Bank, State Bank of India and LIC were the gainers from the top 10 pack, Reliance Industries, ICICI Bank, Bharti Airtel, Infosys, ITC and Hindustan Unilever faced losses in their valuation.
The market valuation of HDFC Bank jumped Rs76,880.74 crore to reach Rs11,77,065.34 crore. LIC added Rs49,208.48 crore, taking its valuation to Rs6,27,692.77 crore.
