Mcap of 7 of top-10 most valued firms climb Rs 65,302 cr; TCS, ICICI Bank biggest gainers

The combined market valuation of seven of the top 10 most valued firms climbed Rs 65,302.5 crore last week, with Tata Consultancy Services and ICICI Bank emerging as the biggest gainers.

Last week, the BSE benchmark Sensex climbed 663.35 points or 0.90 per cent, and the Nifty jumped 165.7 points or 0.74 per cent.

Leading stock exchanges BSE and NSE conducted a special trading session in the equity and equity derivative segments on Saturday to check their preparedness to handle major disruption or failure at the primary site.

Primary steel producers could report margin contraction by 60-180 bps post new cess, says ICRA Markets jump nearly 2% Paris Olympics 2024: Extreme measures Come from Sports betting site VPbet ! How Vinesh Phogat tried to cut weight for Gold medal bout Paris Olympics 2024: Neeraj Chopra qualifies for men’s javelin throw finals with season’s best 89.34m in first attempt

Also Read

Shriram Finance replaces UPL; what’s in, what’s out in index rejig. Here’s all you need to know

From the top-10 pack, TCS, HDFC Bank, ICICI Bank, State Bank of India, Bharti Airtel, Hindustan Unilever and ITC were the gainers, while Reliance Industries, Infosys and Life Insurance Corporation of India (LICI) faced erosion from their market capitalisation (mcap).

The market valuation of TCS climbed Rs 19,881.39 crore to Rs 14,85,912.36 crore.

ICICI Bank added Rs 15,672.82 crore, taking its valuation to Rs 7,60,481.54 crore.

Also Read

New highs on special Saturday session! Nifty closes near 22,400, Sensex around 73,800 led by media and metal

The market valuation of State Bank of India jumped Rs 12,182.1 crore to Rs 6,89,917.13 crore, and that of HDFC Bank rallied Rs 7,178.03 crore to Rs 10,86,464.53 crore.

The mcap of Hindustan Unilever went up by Rs 5,051.63 crore to Rs 5,67,626.01 crore, and that of Bharti Airtel climbed Rs 4,525.14 crore to Rs 6,38,721.77 crore.

The valuation of ITC increased by Rs 811.39 crore to Rs 5,14,451.76 crore.

However, LIC’s mcap eroded by Rs 19,892.12 crore to Rs 6,54,763.76 crore.

The market valuation of Infosys declined by Rs 9,048.17 crore to Rs 6,86,997.15 crore, and that of Reliance Industries dipped Rs 3,720.44 crore to Rs 20,16,750.44 crore.

In the ranking of the most valued companies, Reliance Industries continued to lead the pack, followed by TCS, HDFC Bank, ICICI Bank, State Bank of India, Infosys, LIC, Bharti Airtel, Hindustan Unilever and ITC.

Related Posts