[ad_1]
Eight of the 10 most valued firms together added Rs 98,234.82 crore in market valuation last week, with IT majors Infosys and TCS emerging as the biggest gainers amid a positive momentum in equities.
Last week, the BSE benchmark Sensex advanced 817.68 points or 1.42 per cent.
From the top-10 pack, HDFC twins were the only laggards.
The market valuation of Infosys jumped Rs 28,170.02 crore to reach Rs 6,80,182.93 crore.
Tata Consultancy Services (TCS) added Rs 23,582.58 crore, taking its valuation to Rs 12,31,362.26 crore.
The market valuation of Reliance Industries Limited climbed Rs 17,048.21 crore to stand at Rs 17,14,256.39 crore and that of ICICI Bank advanced Rs 13,861.32 crore to Rs 5,83,261.75 crore.
The market capitalisation (m-cap) of Life Insurance Corporation of India (LIC) went higher by Rs 6,008.75 crore to Rs 4,34,748.72 crore and that of Bajaj Finance increased Rs 5,709.2 crore to Rs 4,42,157.08 crore.
State Bank of India’s valuation went up by Rs 2,186.53 crore to Rs 4,73,584.52 crore and that of Hindustan Unilever Limited (HUL) advanced by Rs 1,668.21 crore to Rs 6,21,220.18 crore.
On the other hand, the m-cap of HDFC declined by Rs 4,599.68 crore to Rs 4,27,079.97 crore.
HDFC Bank’s valuation dipped Rs 4,390.73 crore to Rs 7,92,860.45 crore.
In the ranking of top-10 firms, Reliance Industries retained the title of the most valued domestic company, followed by TCS, HDFC Bank, Infosys, HUL, ICICI Bank, SBI, Bajaj Finance, LIC and HDFC.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
[ad_2]
Source link
