Top-7 firms add Rs 59,404 cr to mcap

New Delhi: The combined market valuation (mcap) of seven of the ten most valued firms climbed Rs59,404.85 crore in a holiday-shortened last week, with Bharti Airtel and ICICI Bank emerging as the biggest gainers.

Stock markets were closed on Thursday on account of Eid-Ul-Fitr. Last week, Sensex dipped marginally by 3.32 points after a record-breaking rally. The BSE benchmark had settled at an all-time high of 75,038.15 on Wednesday. It scaled the lifetime peak of 75,124.28 on Tuesday. The market valuation of Bharti Airtel jumped Rs19,029.37 crore to Rs6,92,861.27 crore. ICICI Bank added Rs15,363.23 crore, taking its valuation to Rs7,75,447.63 crore. Reliance Industries’ valuation climbed Rs10,250.02 crore to Rs19,85,797.70 crore, and that of Tata Consultancy Services (TCS) soared Rs7,507.53 crore to Rs14,47,343.55 crore.

The market capitalisation (mcap) of ITC rallied Rs2,809.06 crore to Rs5,36,967.87 crore, while Infosys climbed Rs2,303.73 crore to Rs6,16,424.57 crore. State Bank of India’s market valuation jumped Rs2,141.91 crore to Rs6,84,294.62 crore. However, the mcap of HDFC Bank tanked Rs23,170.58 crore to Rs11,53,894.76 crore. The valuation of Life Insurance Corporation of India (LIC) dropped by Rs13,440.62 crore to Rs6,14,252.15 crore.