Nine of the top 10 valued companies increase market valuation by Rs 95,522 crore; Reliance and TCS are the biggest gainers
Last week, the BSE benchmark rose 649.37 points or 0.80 percent.
Reliance Industries’ market capitalization (Mcap) increased by Rs 29,634.27 crore to Rs 20,297,1068 crore.
TCS’s valuation increased by Rs 17,167.83 crore to Rs 16,151,142.7 crore and Hindustan Unilever’s increased by Rs 15,225.36 crore to Rs 6,611,151.49 crore.
Bharti Airtel’s Mcap rose by Rs 12,268.39 crore to Rs 857,392.26 crore and ICICI Bank’s by Rs 11,524.92 crore to Rs 847,640.11 crore. ITC rose by Rs 3,965.14 crore to Rs 632,364.24 crore while State Bank of India added Rs 2,498.89 crore to Rs 727,578.99 crore. Moreover, the valuation of Life Insurance Corporation of India increased by Rs 1,992.37 crore to Rs 6,710,506,330 crore and that of Infosys increased by Rs 1,245.64 crore to Rs 7,732,691,330 crore. However, the market capitalization of HDFC Bank decreased by Rs 4,835.34 crore to Rs 1,238,606.19 crore.
Reliance Industries retained the title of the highest valued company, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, LIC, Hindustan Unilever and ITC.