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Top 10 firms’ m-cap: Reliance leads Rs 2.34 lakh crore surge; Infosys only laggard as Sensex rises 1,650 points this week

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The market capitalisation of nine of India’s top-10 most valued companies rose by Rs 2,34,565.53 crore last week, with Reliance Industries emerging as the biggest gainer in step with the buoyant equity markets.The benchmark BSE Sensex surged 1,650.73 points or 2% during the same period. From the top-10 pack, Infosys was the only firm to post a decline in valuation.Reliance Industries’ market cap jumped by Rs 69,556.91 crore to Rs 20,51,590.51 crore. Bharti Airtel followed with a gain of Rs 51,860.65 crore, taking its mcap to Rs 11,56,329.94 crore. HDFC Bank added Rs 37,342.73 crore to reach Rs 15,44,624.52 crore, PTI reported.Bajaj Finance’s valuation rose by Rs 26,037.88 crore to Rs 5,88,213.55 crore. ICICI Bank gained Rs 24,649.73 crore to hit Rs 10,43,037.49 crore. LIC saw an increase of Rs 13,250.87 crore, taking its mcap to Rs 6,05,523.65 crore, while SBI added Rs 8,389.15 crore to settle at Rs 7,18,788.90 crore.TCS recorded a modest rise of Rs 3,183.91 crore, with a total valuation of Rs 12,45,761.80 crore. Hindustan Unilever’s mcap edged up by Rs 293.7 crore to Rs 5,41,850.99 crore.In contrast, Infosys saw a dip of Rs 5,494.8 crore in market valuation, closing the week at Rs 6,68,256.29 crore.Reliance Industries retained its position as the country’s most valued company, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, LIC, Bajaj Finance and Hindustan Unilever Ltd.

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