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The combined market valuation of six of the top-10 most valued firms increased ₹1,30,734.57 crore last week, with State Bank of India and ICICI Bank emerging as the biggest gainers in line with an overall positive trend in equities.
- Also read:High valuation has not stopped Indian market performance: Vafa Ahmadi, CPR Asset Management
Last week, the BSE benchmark advanced 641.83 points or 0.87 per cent.
The valuation of the State Bank of India rallied ₹45,158.54 crore to ₹7,15,218.40 crore.
ICICI Bank's market valuation rose ₹28,726.33 crore to ₹7,77,750.22 crore.
Bharti Airtel added ₹20,747.99 crore to ₹7,51,406.35 crore and that of ITC jumped ₹18,914.35 crore to ₹5,49,265.32 crore.
The market capitalisation (mcap) of Life Insurance Corporation of India (LIC) advanced by ₹9,487.5 crore to ₹6,24,941.40 crore and that of Infosys went up by ₹7,699.86 crore to ₹5,93,636.31 crore.
However, the mcap of Reliance Industries declined by ₹26,115.56 crore to ₹19,64,079.96 crore.
The valuation of HDFC Bank dipped by ₹16,371.34 crore to ₹11,46,943.59 crore.
The mcap of Tata Consultancy Services went lower by ₹5,282.41 crore to ₹13,79,522.50 crore and that of Hindustan Unilever Limited diminished by ₹2,525.81 crore to ₹5,21,961.70 crore.
Reliance Industries remained the most valued firm from the top-10 pack, followed by Tata Consultancy Services, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, LIC, Infosys, ITC and Hindustan Unilever.
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