NEW DELHI:
Market valuation
of six of the top-10 most valued companies increased Rs 86,847.88 crore in last week, with HDFC Bank and Reliance Industries leading the gains amidst positive market sentiment. The BSE Sensex increased by 657.48 points or 0.84 per cent during this period, while the Nifty advanced by 225.9 points or 0.95 per cent.
Reliance Industries, HDFC Bank, ICICI Bank, Bharti Airtel, ITC and Hindustan Unilever registered gains, while Tata Consultancy Services (TCS), Infosys, State Bank of India and Life Insurance Corporation of India (LIC) witnessed declines in their market value.
HDFC Bank’s market capitalisation (mcap) increased by Rs 20,235.95 crore to Rs 13,74,945.30 crore while Reliance Industries gained Rs 20,230.9 crore, reaching a valuation of Rs 16,52,235.07 crore.
Additionally, ITC’s valuation increased by Rs 17,933.49 crore to Rs 5,99,185.81 crore, while ICICI Bank’s value rose by Rs 15,254.01 crore to Rs 9,22,703.05 crore.
Bharti Airtel’s market cap increased by Rs 11,948.24 crore to Rs 9,10,735.22 crore, and Hindustan Unilever added Rs 1,245.29 crore to reach Rs 5,49,863.10 crore.
Meanwhile, State Bank of India’s valuation decreased by Rs 11,557.39 crore to Rs 7,13,567.99 crore.
LIC’s value reduced by Rs 8,412.24 crore to Rs 5,61,406.80 crore, while Infosys declined by Rs 2,283.75 crore to Rs 7,95,803.15 crore. TCS reported a minor reduction of Rs 36.18 crore to Rs 15,08,000.79 crore.
In terms of market value, Reliance Industries maintained its position as the highest-valued company, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, Infosys, State Bank of India, ITC, LIC and Hindustan Unilever.
