Nine of the top-10 most valued firms together saw their market capitalisation (Mcap) surge by Rs 2,89,699.42 crore amid a robust rally in equities, with Reliance Industries emerging as the top gainer, while LIC being the laggard.
The BSE benchmark index soared 1,822.83 points or 2.36% during the week, marking the highest monthly gain in June with a 7.14% increase.
On Thursday, the Sensex breached the historic 79,000 mark.
Nine of top 10 valued firms add Rs 95,522 cr to market valuation; Reliance, TCS lead gainers Vodafone Idea’s loss narrows to Rs 6,432 cr; Arpu flat at Rs 146 Market cap of 8 of the 10 most valued companies fall by Rs 1.67 lakh crore, Reliance sees deep cuts India Cements swings to profit with Rs 241 cr one-time gain
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Reliance Industries led the gains, with its market capitalisation jumping by Rs 1,52,264.63 crore to Rs 21,18,951.20 crore. Tata Consultancy Services (TCS) added Rs 34,733.64 crore to reach a valuation of Rs 14,12,845.09 crore.
ICICI Bank’s mcap soared by Rs 30,286.99 crore to Rs 8,44,201.88 crore, while Bharti Airtel surged Rs 18,267.7 crore to Rs 8,22,530.35 crore. Infosys saw an increase of Rs 14,656.3 crore to Rs 6,50,602.10 crore, and HDFC Bank’s valuation zoomed by Rs 13,808.74 crore to Rs 12,80,865.43 crore.
State Bank of India’s market value rose by Rs 11,111.14 crore to Rs 7,57,565.68 crore, while Hindustan Unilever gained Rs 7,953.37 crore to reach Rs 5,81,570.83 crore. ITC climbed Rs 6,616.91 crore to Rs 5,30,475.82 crore.
However, Life Insurance Corporation of India (LIC) emerged as the laggard, with its market valuation falling by Rs 22,042.61 crore to Rs 6,25,573.90 crore.
Reliance Industries maintained its position as the most valued firm, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, LIC, Hindustan Unilever, and ITC.
