The combined market valuation of eight of the top 10 most valued companies rose by Rs 1,21,270.83 crore last week, with Reliance Industries emerging as the biggest gainer, in line with an outstanding rally in benchmark stock indices.
Last week, the BSE benchmark jumped 1,027.54 points or 1.21 percent. The BSE Sensex hit its record high of 85,978.25 on Friday.
Reliance Industries’ market valuation increased from Rs 53,652.92 crore to Rs 20,65,197.60 crore.
State Bank of India added Rs 18,518.57 crore, taking its valuation to Rs 7,16,333.98 crore.
Bharti Airtel’s market valuation soared by Rs 13,094.52 crore to Rs 9,87,904.63 crore and that of ITC grew by Rs 9,927.3 crore to Rs 6,53,834.72 crore.
The market capitalization (mcap) of Tata Consultancy Services ( TCS ) increased from Rs 8,592.96 crore to Rs 15,59,052 crore.
HDFC Bank Valuation of Rs rose by Rs 8,581.64 crore to Rs 13,37,186.93 crore and that of Life Insurance Corporation of India (LIC) rose by Rs 8,443.87 crore to Rs 6,47,616.51 crore.
the mcap of infosys rose from Rs 459.05 crore to Rs 7,91,897.44 crore.
However, the market valuation of ICICI Bank fell from Rs 23,706.16 crore to Rs 9,20,520.72 crore.
the mcap of Hindustan Unilever decreased by Rs 3,195.44 crore to Rs 6,96,888.77 crore.
In the chart of most valued companies, Reliance Industries maintained the highest ranking, followed by TCS , HDFC Bank Bharti Airtel, ICICI Bank , infosys State Bank of India, Hindustan Unilever ICT and LIC.
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