Mcap at top-8 cos rises by Rs 1.53 lakh cr

New Delhi: The combined market valuation (mcap) of eight of the top-10 most valued firms surged Rs1,53,019.32 crore last week, with Bharti Airtel and IT majors Infosys, Tata Consultancy Services (TCS) emerging as the biggest gainers, in line with a record rally in equities.

Last week, the BSE benchmark jumped 1,279.56 points or 1.57 per cent. Rallying for the ninth straight session on Friday, the 30-share BSE Sensex climbed 231.16 points or 0.28 per cent to settle at an all-time closing high of 82,365.77. During the day, it jumped 502.42 points or 0.61 per cent to hit a record intra-day peak of 82,637.03. The market valuation of Bharti Airtel soared Rs47,194.86 crore to Rs9,04,587.12 crore. Infosys added Rs33,611.37 crore taking its valuation to Rs8,06,880.50 crore. The valuation of Tata Consultancy Services (TCS) jumped Rs31,784.9 crore to Rs16,46,899.17 crore and that of ICICI Bank surged Rs18,734.3 crore to Rs8,66,374.41 crore. The market capitalisation (mcap) of Reliance Industries climbed Rs13,396.42 crore to Rs20,43,107.10 crore and that of HDFC Bank rallied Rs5,600.24 crore to Rs12,44,206.43 crore. The valuation of Life Insurance Corporation of India (LICI) went up by Rs2,340.25 crore to Rs6,73,390.88 crore and that of State Bank of India advanced Rs356.98 crore to Rs7,27,935.97 crore. However, the mcap of Hindustan Unilever slumped Rs8,411.54 crore to Rs6,52,739.95 crore and that of ITC declined by Rs4,776.48 crore to Rs6,27,587.76 crore. Reliance Industries continued to retain the title of the most valued firm followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank, LIC, Hindustan Unilever and ITC.