Top-5 firms gain Rs 85,582-cr mcap
RIL, HDFC Bank, Bharti Airtel, SBI and LIC were the gainers, while TCS, ICICI Bank, Infosys, HUL and ITC faced erosion of Rs84,704.81 crfrom their market valuation
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New Delhi: Five of the top-10 most valued firms together added Rs85,582.21 crore in market valuation last week, with Life Insurance Corporation of India (LIC) emerging as the biggest gainer, in-line with positive trend in equities.
Last week, BSE benchmark Sensex climbed 299.41 points or 0.39 per cent. The 30-share barometer hit its all-time high of 77,145.46 on June 13. While Reliance Industries, HDFC Bank, Bharti Airtel, State Bank of India and LIC were the gainers, Tata Consultancy Services (TCS), ICICI Bank, Infosys, Hindustan Unilever and ITC faced erosion from their market valuation. The five firms together lost Rs84,704.81 crore from market valuation.
The valuation of LIC jumped Rs46,425.48 crore to Rs6,74,877.25 crore, the most among the top-10 firms. The market capitalisation (mcap) of HDFC Bank rallied Rs18,639.61 crore to Rs12,14,965.13 crore. Reliance Industries added Rs 10,216.41 crore, taking its valuation to Rs 19,98,957.88 crore. The mcap of State Bank of India climbed Rs9,192.35 crore to Rs7,49,845.89 crore and that of Bharti Airtel went up by Rs1,108.36 crore to Rs8,11,524.37 crore.
