New Delhi: Five of the top-10 most-valued firms added Rs1,99,111.06 crore in market valuation last week, with Reliance Industries emerging as the biggest gainer, in-tandem with bullish sentiments.
Last week, the BSE benchmark jumped 542.3 points or 0.75 per cent. Benchmark equity indices Sensex and Nifty surged over 1 per cent to hit their fresh all-time highs Friday.
While Reliance Industries, Tata Consultancy Services (TCS), ICICI Bank, Infosys and Bharti Airtel were the gainers from the top-10 pack, HDFC Bank, Hindustan Unilever, ITC, State Bank of India and Life Insurance Corporation of India (LIC) were the laggards, taking a combined hit of Rs 76,098.67 crore.
Reliance Industries added Rs 90,220.4 crore taking its market valuation to Rs18,53,865.17 crore.
The valuation of TCS jumped Rs 52,672.04 crore to Rs 14,20,333.97 crore. Shares of Tata Consultancy Services climbed nearly 4 per cent on Friday after the company reported an 8.2 per cent growth in net income for the December quarter at Rs 11,735 crore.
The market valuation of Infosys climbed Rs 32,913.04 crore to Rs6,69,135.15 crore. Shares of Infosys jumped 8 per cent Friday after the company’s December quarter earnings came in-line with market expectations.
Bharti Airtel’s valuation surged Rs16,452.93 crore to Rs6,05,299.02 crore.
The market capitalisation (mcap) of ICICI Bank rallied Rs6,852.65 crore to Rs7,04,210.07 crore.
However, the mcap of HDFC Bank eroded by Rs32,609.73 crore to Rs12,44,825.83 crore.
The valuation of Hindustan Unilever tumbled Rs17,633.68 crore to Rs5,98,029.72 crore.
The mcap of LIC fell by Rs 9,519.13 crore to Rs5,24,563.68 crore and that of ITC declined by Rs9,107.19 crore to Rs5,82,111.90 crore.
State Bank of India’s valuation dipped Rs7,228.94 crore to Rs5,65,597.28 crore.
Reliance Industries retained the title of the most-valued firm followed by TCS, HDFC Bank, ICICI Bank, Infosys, Bharti Airtel, Hindustan Unilever, ITC, State Bank of India and LIC.
PTI