Top-5 cos add Rs 4.23 lakh cr in mcap

New Delhi: Five of the top-10 most valued firms together added Rs4,23,014.4 crore in market valuation last week, with major contributions coming in from HDFC Bank, which recently completed the merger with its mortgage financier parent HDFC. HDFC Bank on Thursday became the second most valuable company by market capitalisation, overtaking IT behemoth Tata Consultancy Services. Last week, the 30-share BSE Sensex jumped 623.36 points or 0.94 per cent. While HDFC Bank, ICICI Bank, ITC, State Bank of India and Bajaj Finance were the gainers, Reliance, Tata Consultancy Services (TCS), Hindustan Unilever, Infosys and Bharti Airtel suffered erosion from their market valuation last week. HDFC Bank’s market valuation jumped Rs3,43,107.78 crore to reach Rs12,63,070.52 crore.

The market capitalisation (mcap) of State Bank of India zoomed Rs27,220.07 crore to Rs5,48,819.01 crore, and that of ICICI Bank jumped Rs24,575.78 crore to Rs6,97,413.50 crore.