Comments
The combined market valuation of nine of the top-10 most valued firms rallied by ₹1,80,788.99 crore last week, amid an overall buoyant trend in equities, with Tata Consultancy Services (TCS) emerging as the biggest gainer.
Last week, the BSE benchmark jumped 1,239.72 points or 1.86 per cent. The 30-share BSE Sensex rallied for the 11th day running on Friday.
The 30-share BSE benchmark had jumped 319.63 points or 0.47 per cent to settle at a record closing of 67,838.63 on Friday. During the day, it rallied 408.23 points or 0.60 per cent to hit its fresh all-time intra-day high of 67,927.23.
Hindustan Unilever Limited was the only laggard from the top-10 pack. The list of winners had Reliance Industries Limited, TCS, HDFC Bank, ICICI Bank, Infosys, ITC, State Bank of India, Bharti Airtel and Bajaj Finance.
The market valuation of TCS jumped ₹57,300.75 crore to ₹13,17,203.61 crore.
HDFC Bank added ₹28,974.82 crore taking its market capitalisation (mcap) to ₹12,58,989.87 crore.
The mcap of Bharti Airtel rallied ₹28,354.73 crore to ₹5,23,723.56 crore and that of Infosys zoomed ₹17,680.53 crore to ₹6,27,637.87 crore.
The valuation of ICICI Bank surged ₹15,364.55 crore to ₹6,94,844.51 crore and that of State Bank of India soared ₹13,342.3 crore to ₹5,34,048.78 crore.
The mcap of Reliance Industries climbed ₹7,442.79 crore to reach ₹16,64,377.02 crore and that of ITC gained ₹7,232.74 crore to ₹5,59,165.44 crore.
Bajaj Finance added ₹5,095.78 crore to its valuation which stood at ₹4,54,039.37 crore.
However, the market valuation of Hindustan Unilever fell by ₹10,514.42 crore to ₹5,80,325.55 crore.
In the ranking of top-10 firms, Reliance Industries retained the most valued company title followed by TCS, HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever, ITC, State Bank of India, Bharti Airtel and Bajaj Finance.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.