Top-8 firms add Rs 2.05L cr in valuation
Airtel, RIL, TCS, ICICI, SBI, Infosys, HDFC Bank and HUL were the gainers; while Bajaj Finance and LIC collectively lost around Rs39,414.06 cr
Top-8 firms add Rs 2.05L cr in valuation
The combined market valuation of eight of the top 10 most valued companies surged by Rs 2,05,185.08 crore last week, with Bharti Airtel and Reliance Industries emerging as the biggest gainers. Last week, the BSE Sensex appreciated by 1,346.5 points, or 1.62 per cent, and the NSE Nifty rose 417.75 points, or 1.64 per cent. Markets staged a strong rebound during the week, ending firmly in the green after the recent phase of weakness.
The market capitalisation of Bharti Airtel surged by Rs 55,652.54 crore to Rs 11,96,700.84 crore. Reliance Industries Ltd’s market valuation jumped by Rs 54,941.84 crore to Rs 20,55,379.61 crore. The mcap of Tata Consultancy Services zoomed by Rs 40,757.75 crore to Rs 11,23,416.17 crore and that of ICICI Bank climbed by Rs 20,834.35 crore to Rs 9,80,374.43 crore.
State Bank of India’s market valuation rallied by Rs 10,522.9 crore to Rs 8,92,923.79 crore, and that of Infosys advanced by Rs 10,448.32 crore to Rs 6,24,198.80 crore.
