Nine top companies increase market valuation by Rs 95,522.81 crore; RIL, TCS and HUL are the biggest gainers
The combined market valuation of nine of the top 10 highest valued companies rose by Rs 95,522.81 crore last week, with Reliance Industries (RIL), Tata Consultancy Services (TCS) and Hindustan Unilever Limited (HUL) emerging as the biggest gainers.
The 30-share BSE Sensex rose for the fourth consecutive session, closing 33.02 points, or 0.04 percent, higher at 81,086.21 on August 23. Last week, the BSE benchmark rose 649.37 points, or 0.80 percent.
Oil and telecom giant RIL’s total market capitalization (M-Cap) rose by Rs 29,634.27 crore to Rs 20,297,1068 crore.
The country’s largest IT player TCS increased its market capitalisation by Rs 17,167.83 crore to Rs 16,151.427 crore, while consumer goods giant HUL added Rs 15,225.36 crore to its overall valuation of Rs 6,611.51.49 crore.
The country’s second-largest telecom operator Bharti Airtel posted a good rise, adding Rs 12,268.39 crore to its market capitalization of Rs 857,392.26 crore. Private lender ICICI Bank’s market capitalization rose by Rs 11,524.92 crore to Rs 847,640.11 crore.
Cigarette and hotel major ITC increased its valuation by Rs 3,965.14 crore to Rs 6,323,642.4 crore, while State Bank of India (SBI), the country’s largest public lender, rose by Rs 2,498.89 crore to Rs 7,275,789.99 crore.
Moreover, the valuation of Life Insurance Corporation of India (LIC) increased by Rs 1,992.37 crore to Rs 6,710,5063 crore.
Another major IT player Infosys added Rs 1,245.64 crore to its total capitalization of Rs 773,269.13 crore.
The only laggard in the top 10 list was HDFC Bank, whose market capitalization fell by Rs 4,835.34 crore to Rs 12,386,061.9 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.
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