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Market valuation of eight of the top-10 firms adds ₹2 lakh crore; RIL biggest beneficiary

 

Last week, the BSE Sensex had gained 1,387.18 points or 2.39 per cent.


Barring HDFC Bank and Bajaj Finance, the rest eight firms in the top-10 pack saw an increase in market valuations.


Market valuations of eight of the top 10 firms added Rs 2,03,335.28 crore last week amid an overall positive trend in equities.


From these firms, Reliance Industries emerged as the biggest gainer. Last week, the BSE Sensex had gained 1,387.18 points or 2.39 per cent.


Barring HDFC Bank and Bajaj Finance, the rest eight firms in the top-10 pack saw an increase in market valuations.


The market capitalization (mcap) of index heavyweight Reliance Industries jumped ₹68,296.41 crore to ₹16,72,365.60 crore.


State Bank of India (SBI) added ₹30,120.57 crore, taking its valuation to ₹5,00,492.23 crore.


The market valuation of ICICI Bank rose by ₹25,946.89 crore to ₹6,32,264.39 crore and that of Hindustan Unilever Limited (HUL) by ₹18,608.76 crore to ₹6,23,828.23 crore.


Bharti Airtel's valuation rose by ₹17,385.1 crore to ₹4,43,612.09 crore.


The market valuation of ITC rose by ₹16,739.62 crore to ₹4,28,453.62 crore and that of Tata Consultancy Services (TCS) by ₹15,276.54 crore to ₹11,48,722.59 crore.


Infosys mcap rose by ₹10,961.39 crore to ₹6,31,216.21 crore.


However, the valuation of Bajaj Finance fell by ₹4,878.68 crore to ₹4,35,416.70 crore and that of HDFC Bank by ₹1,503.89 crore to ₹8,01,182.91 crore.


Reliance Industries continued to rule the charts of the top-10 most valuable firms, followed by TCS, HDFC Bank, ICICI Bank, Infosys, HUL, SBI, Bharti Airtel, Bajaj Finance and ITC.

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