The combined market valuation of six of the top-10 most valued Indian companies surged by Rs 1,18,626.24 crore last week, with Tata Consultancy Services (TCS) emerging as the top gainer. This rise coincided with a broader market rally, as the BSE Sensex climbed 659.33 points or 0.83 per cent, and the NSE Nifty advanced by 187.7 points or 0.78 per cent.
Among the gainers, TCS registered the highest jump, with its market capitalisation rising by Rs 53,692.42 crore to Rs 12,47,281.40 crore, news agency PTI reported.
Reliance Industries followed with an addition of Rs 34,507.55 crore, taking its total valuation to Rs 17,59,276.14 crore.
Infosys added Rs 24,919.58 crore to reach a market cap of Rs 6,14,766.06 crore, while HDFC Bank’s valuation rose by Rs 2,907.85 crore to Rs 14,61,842.17 crore.
State Bank of India (SBI) gained Rs 1,472.57 crore, pushing its market value to Rs 7,12,854.03 crore, and ITC’s market capitalisation increased by Rs 1,126.27 crore to Rs 5,35,792.04 crore.
On the other hand, Bharti Airtel saw the biggest drop in valuation, declining by Rs 41,967.5 crore to Rs 10,35,274.24 crore. Hindustan Unilever’s market cap slipped by Rs 10,114.99 crore to Rs 5,47,830.70 crore, Bajaj Finance lost Rs 1,863.83 crore to settle at Rs 5,66,197.30 crore, and ICICI Bank declined by Rs 1,130.07 crore to Rs 10,00,818.79 crore.
Reliance Industries remained the most valued company, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever and ITC.
