Eight of the top ten domestic firms added Rs 1,55,603.45 crore to the market capitalization last week, while HDFC Bank and Tata Consultancy Services emerged as the biggest gainers, along with strong equity trends.
Last week, the BSE benchmark closed at 1,536.8 points, or 1.98 percent, while the Nifty rose by 374.55 points, or 1.59 percent. The benchmark BSE Sensex jumped 1,961.32 points, or 2.54 percent, to settle at 79,117.11 on Friday. The NSE Nifty rose 557.35 points or, 2.39 per cent, to 23,907.25.
From the top 10, Reliance Industries and Life Insurance Corporation of India (LIC) were the contenders. HDFC Bank’s market capitalization jumped Rs 40,392.91 crore to Rs 13,34,418.14 crore, the most among the top 10 firms.
Tata Consultancy Services (TCS) added Rs 36,036.15 crore to its valuation of Rs 15,36,149.51 crore. ICICI Bank’s valuation increased by Rs 16,266.54 crore to Rs 9,01,866.22 crore and Infosys rose by Rs 16,189.33 to Rs 7,90,151.83 crore.
The market capitalization (mcap) of Hindustan Unilever increased by Rs 13,239.95 crore to Rs 5,74,569.05 crore and that of ITC closed by Rs 11,508.91 crore to Rs 5,94,272.93 crore. Bharti Airtel’s mcap increased by Rs 11,260.11 crore to Rs 8,94,068.84 crore and that of State Bank of India by Rs 10,709.55 crore to Rs 7,28,293.62 crore.
However, LIC’s valuation fell by Rs 11,954.24 crore to Rs 5,62,545.30 crore. Reliance Industries’ mcap sank by Rs 2,368.16 crore to Rs 17,13,130.75 crore.
Reliance Industries remains the most valued domestic firm, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, Infosys, State Bank of India, ITC, Hindustan Unilever and – LIC.
