Eight of India’s top-10 most valued firms saw their market capitalizations (Mcap) surge by a combined Rs 1,83,290.36 crore last week, buoyed by a rally in equities led by IT giants Tata Consultancy Services (TCS) and Infosys.
The BSE benchmark index jumped 963.87 points, or 1.21%, during the week.
TCS, the largest gainer among the top-10 firms, saw its market valuation rise by Rs 38,894.44 crore to reach Rs 14,51,739.53 crore. Infosys followed closely, adding Rs 33,320.03 crore to its mcap, which stood at Rs 6,83,922.13 crore by the end of the week.
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Reliance Industries’ market capitalization climbed by Rs 32,611.36 crore to Rs 21,51,562.56 crore, while ICICI Bank’s valuation zoomed by Rs 23,676.78 crore to Rs 8,67,878.66 crore.
Among other firms, Life Insurance Corporation of India (LIC) saw its market cap rally by Rs 16,950.99 crore to Rs 6,42,524.89 crore, and Hindustan Unilever surged by Rs 16,917.06 crore to Rs 5,98,487.89 crore.
ITC’s market capitalization rose by Rs 10,924.13 crore to Rs 5,41,399.95 crore, while State Bank of India’s valuation climbed by Rs 9,995.57 crore to Rs 7,67,561.25 crore.
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However, HDFC Bank’s market cap fell by Rs 26,970.79 crore to Rs 12,53,894.64 crore, and Bharti Airtel’s declined by Rs 8,735.49 crore to Rs 8,13,794.86 crore.
Reliance Industries retained its position as the most valued firm, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, LIC, Hindustan Unilever, and ITC.
