Mcap of five of 10 most valued firms climbs Rs 60,675.94 cr; SBI, HDFC Bank biggest winners
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The combined market capitalization of five of India's top-10 most valued companies rose by Rs 60675.94 crore last week, driven by a positive momentum in equities. Among the gainers, State Bank of India (SBI) and HDFC Bank led the rally. In the holiday-shortened trading week, the Sensex advanced 739.87 points (0.92%), while the Nifty gained 268 points (1.10%), reflecting overall market optimism. Valuation Of Reliance Industries, HDFC Bank, SBI From the top-10 pack, Reliance Industries, HDFC Bank, Bharti Airtel, State Bank of India and Infosys saw an addition in their valuation, while Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever Ltd, Life Insurance Corporation of India (LIC) and Bajaj Finance faced erosion from their market capitalisation (mcap). The valuation of State Bank of India jumped Rs 20,445.82 crore to Rs 7,63,095.16 crore, the most among the top-10 firms. The mcap of HDFC Bank surged Rs 14,083.51 crore to Rs 15,28,387.09 crore. Infosys added Rs 9,887.17 crore, taking its valuation to Rs 6,01,310.19 crore. The mcap of Bharti Airtel surged Rs 8,410.6 crore to Rs 10,68,260.92 crore. Reliance Industries' valuation went up by Rs 7,848.84 crore to Rs 18,59,023.43 crore. Losers On Stock Market: LIC, Bajaj Finance, ICICI Bank However, the mcap of LIC tumbled Rs 15,306.5 crore to Rs 5,61,881.17 crore. Bajaj Finance faced an erosion of Rs 9,601.08 crore to Rs 5,35,547.44 crore, while ICICI Bank's valuation declined by Rs 6,513.34 crore to Rs 10,18,982.35 crore. The mcap of TCS fell by Rs 4,558.79 crore to Rs 10,93,349.87 crore, and that of Hindustan Unilever dipped by Rs 3,630.12 crore to Rs 5,83,391.76 crore. 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. (With Inputs From PTI)
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