HDFC Bank, ICICI Bank Lead As Market Cap Of Three Of Top-10 Firms Surge Rs 1.06 Lakh Crore
Last week, the BSE benchmark Sensex climbed 217.13 points or 0.28%.
The combined market valuation of three of the top-10 most valued firms jumped Rs 1,06,125.98 crore in holiday-shortened last week, with HDFC Bank Ltd. and ICICI Bank Ltd. emerging as the biggest gainers.
Last week, the BSE benchmark Sensex climbed 217.13 points or 0.28%.
While HDFC Bank, ICICI Bank and Infosys Ltd. were the gainers from the top-10 pack, Reliance Industries Ltd., Tata Consultancy Services Ltd., Bharti Airtel Ltd., State Bank of India, Life Insurance Corporation of India, Hindustan Unilever Ltd. and ITC Ltd. faced a combined erosion to the tune of Rs 1,01,769.1 crore.
The market capitalisation (mcap) of HDFC Bank zoomed Rs 52,091.56 crore to Rs 12,67,056.69 crore.
ICICI Bank added Rs 36,118.99 crore taking its valuation to Rs 8,13,914.89 crore.
The mcap of Infosys climbed Rs 17,915.43 crore to Rs 6,35,945.80 crore.
However, the market valuation of Reliance Industries tumbled Rs 32,271.31 crore to Rs 19,66,686.57 crore.
LIC lost Rs 27,260.74 crore from its mcap which stood at Rs 6,47,616.51 crore.
ITC's valuation eroded by Rs 14,357.43 crore to Rs 5,23,858.91 crore and that of Hindustan Unilever dropped by Rs 8,904.95 crore to Rs 5,73,617.46 crore.
The mcap of TCS tanked by Rs 8,321.6 crore to Rs 13,78,111.45 crore and that of Bharti Airtel diminished by Rs 7,261.72 crore to Rs 8,04,262.65 crore.
State Bank of India's valuation declined by Rs 3,391.35 crore to Rs 7,46,454.54 crore.
In the ranking of the most valued firms, Reliance Industries retained the number one place followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, LIC, Infosys, Hindustan Unilever and ITC.
