Eight of the country’s top-10 most valued companies collectively added Rs 1,72,148.89 crore in market capitalisation last week, tracking the bullish momentum in domestic equities.
The BSE benchmark itself advanced 709.19 points, or 0.87%, during the period.
Reliance Industries led the rally, gaining Rs 48,107.94 crore to push its market valuation to Rs 19,07,131.37 crore. Other major gainers included Tata Consultancy Services (TCS), Bharti Airtel, ICICI Bank, Infosys, Hindustan Unilever, Life Insurance Corporation of India (LIC), and Bajaj Finance.
The market capitalisation (mcap) of Hindustan Unilever jumped Rs 34,280.54 crore to Rs 6,17,672.30 crore.
Bharti Airtel, Infosys Share Price Surge
Bharti Airtel’s valuation surged Rs 33,899.02 crore to Rs 11,02,159.94 crore, and that of Bajaj Finance zoomed Rs 20,413.95 crore to Rs 5,55,961.39 crore.
The mcap of Infosys edged higher by Rs 16,693.93 crore to Rs 6,18,004.12 crore, and that of TCS climbed Rs 11,487.42 crore to Rs 11,04,837.29 crore.
ICICI Bank added Rs 6,443.84 crore to its market valuation, which stood at Rs 10,25,426.19 crore. The market valuation of LIC went up by Rs 822.25 crore to Rs 5,62,703.42 crore.
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HDFC Bank, SBI MCAP Reduces Last Week
However, the mcap of HDFC Bank eroded by Rs 20,040.7 crore to Rs 15,08,346.39 crore. The market valuation of State Bank of India declined by Rs 9,784.46 crore to Rs 7,53,310.70 crore.
Highlights
- Reliance Industries, TCS, Infosys Mcap jumps
- HDFC Bank, SBI mcap falls down
- Bharti Airtel, ICICI Bank mcap jumps
- Stock Market last week
Reliance Industries retained the title of the most valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Hindustan Unilever, LIC and Bajaj Finance.