Top-7 Firms Gain Rs 1.83-Trn Mcap
HUL was the top gainer, followed by ICICI Bank, HDFC Bank, ITC, Reliance Industries and SBI; Meanwhile, TCS, Airtel and Infosys collectively lost Rs 48,923.23 cr
Top-7 Firms Gain Rs 1.83-Trn Mcap
New Delhi: The combined market valuation of seven of the 10 most valued firms jumped Rs 1,83,322.54 crore last week, with Hindustan Unilever becoming the biggest gainer.Last week, the BSE benchmark jumped 1,315.5 points or 1.72 per cent, and the Nifty went up by 389.95 points or 1.68 per cent. Equity markets were open on Saturday due to the presentation of the Union Budget. While Reliance Industries, HDFC Bank, ICICI Bank, State Bank of India, Hindustan Unilever, ITC and Life Insurance Corporation of India (LIC) were the gainers from the top-10 pack, Tata Consultancy Services (TCS), Bharti Airtel and Infosys suffered erosion from their valuation.
The market capitalisation (mcap) of Hindustan Unilever surged Rs 32,471.36 crore to Rs 5,89,066.03 crore. ICICI Bank added Rs 32,302.56 crore to Rs 8,86,247.75 crore in its valuation. HDFC Bank’s mcap jumped Rs 30,822.71 crore to Rs 12,92,450.60 crore and that of ITC soared Rs 26,212.04 crore to Rs 5,78,604.05 crore.
The valuation of Reliance Industries climbed Rs 25,373.2 crore to Rs 17,11,371.54 crore and that of State Bank of India rallied Rs 19,411.05 crore to Rs 6,83,715.14 crore. LIC’s valuation went up by Rs 16,729.62 crore to Rs 5,36,201.68 crore.
