The combined market valuation of six of the 10 most valuable companies soared Rs 1,56,247.35 crore last week, with Reliance Industries Ltd (RIL) emerging as the biggest gainer.
While RIL, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, HDFC and Bajaj Finance saw gains in their market capitalization (m-cap) in the holiday low week, Infosys, HUL and LIC suffered losses.
Stock markets remained closed on Tuesday on account of Muharram.
RIL’s valuation rose by Rs 66,772.08 crore to Rs 17,81,028.47 crore. TCS’ m-cap rose by Rs 12,642.03 crore to Rs 12,44,004.29 crore and that of HDFC Bank rose by Rs 32,346.90 crore to Rs 8,25,207.35 crore.
ICICI Bank’s m-cap rose by Rs 25,467.37 crore to Rs 6,08,729.12 crore and that of HDFC rose by Rs 18,679.93 crore to Rs 4,45,759.90 crore.
The market valuation of Bajaj Finance rose by Rs 339.04 crore to Rs 4,42,496.12 crore.
In contrast, Infosys’ mcap declined by Rs 9,262.29 crore to Rs 6,70,920.64 crore. HUL saw a loss of Rs 11,454.26 crore in its valuation and Rs 6,09,765.92 crore and LIC saw a loss of Rs 3,289.00 crore at Rs 4,31,459.72 crore.
SBI’s mcap remained unchanged at Rs 4,73,584.52 crore.
In the ranking of top-10 firms, Reliance Industries retained the title of Most Valuable Domestic Company, followed by TCS, HDFC Bank, Infosys, HUL, ICICI Bank, SBI, HDFC, Bajaj Finance and LIC.
Last week, major benchmark indices posted gains for their fourth straight week, as the Sensex rose 1,074 per cent or 1.83 per cent and the Nifty gained 300 points or 1.95 per cent weekly. PTI DRR Mister
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