Top-7 firms gain Rs 1.40-trn mcap

New Delhi: The combined market valuation (mcap) of seven of the top-10 valued firms jumped Rs1,40,863.66 crore in a holiday-shortened last week with the benchmark Sensex gaining nearly 1 per cent. Tata Consultancy Services (TCS) and Infosys emerged as the biggest gainers in line with an optimistic trend at Dalal Street.

Last week, the BSE benchmark rose by 730.93 points or 0.91 per cent following a strong rally on Friday. The market capitalisation of Tata Consultancy Services (TCS) surged by Rs67,477.33 crore to Rs15,97,946.44 crore. The valuation of Infosys jumped Rs36,746.21 crore to Rs7,72,023.49 crore. The Mcap of Bharti Airtel rallied Rs11,727.55 crore to Rs8,45,123.87 crore and that of ICICI Bank by Rs10,913.96 crore to Rs8,36,115.19 crore.

The valuation of ITC soared Rs8,569.73 crore to Rs6,28,399.10 crore and that of Reliance Industries by Rs5,311.4 crore to Rs20,00,076.41 crore. Hindustan Unilever added Rs117.48 crore to take its valuation to Rs6,45,926.13 crore. However, the Mcap of Life Insurance Corporation of India (LICI) slumped Rs47,943.48 crore to Rs6,69,058.26 crore. The valuation of HDFC Bank tanked Rs13,064 crore to Rs12,43,441.53 crore and that of State Bank of India declined by Rs10,486.42 crore to Rs7,25,080.10 crore. Reliance Industries (RIL) retained the title of the most valued firm followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, LIC, Hindustan Unilever and ITC.