Market cap of seven top 10 most valued firms jumps by ₹1.55 lakh crore; Reliance shines

The combined market valuation of seven of the top 10 most valued firms jumped by ₹1,55,710.74 crore in the holiday-shortened last week, with Reliance Industries and Tata Consultancy Services emerging as the biggest gainers, amid a positive trend in domestic equities.

Last week, the BSE benchmark climbed 259.69 points or 0.30%. On Thursday, the 30-share BSE Sensex hit its 52-week high of 85,290.06.

From the top 10 pack, Reliance Industries, Bharti Airtel, Tata Consultancy Services (TCS), State Bank of India, Bajaj Finance, Infosys, and Life Insurance Corporation of India (LIC) were the gainers, while HDFC Bank, ICICI Bank, and Hindustan Unilever saw their valuations decline.

Reliance Industries added ₹46,687.03 crore, taking its market valuation to ₹19,64,170.74 crore.

The market capitalisation (mcap) of TCS jumped by ₹36,126.6 crore to ₹11,08,021.21 crore.

The valuation of Infosys surged by ₹34,938.51 crore to ₹6,33,712.38 crore, and that of State Bank of India climbed by ₹13,892.07 crore to ₹8,34,817.05 crore.

The mcap of Bajaj Finance edged higher by ₹11,947.17 crore to ₹6,77,846.36 crore, while that of Bharti Airtel rose by ₹9,779.11 crore to ₹11,57,014.19 crore.

LIC added ₹2,340.25 crore, taking its market valuation to ₹5,62,513.67 crore.

However, the mcap of ICICI Bank eroded by ₹43,744.59 crore to ₹9,82,746.76 crore.

The valuation of Hindustan Unilever dived by ₹20,523.68 crore to ₹5,91,486.10 crore, and that of HDFC Bank declined by ₹11,983.68 crore to ₹15,28,227.10 crore.

Reliance Industries remained the most valued domestic firm, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Bajaj Finance, Infosys, Hindustan Unilever Ltd and LIC.