Mcap Of 9 Of Top 10 Most Valued Firms Jumps Rs 1.84trn; Reliance, SBI Shine

Nine of the top-10 most valued firms together added Rs 1,84,225.43 crore in market valuation last week, with Reliance Industries Limited and State Bank of India emerging as the biggest gainers, in an overall bullish equity market trend.

Last week, the BSE benchmark jumped 1,457.38 points or 2.44 per cent.

Hindustan Unilever Limited was the only laggard from the top-10 pack.

The market valuation of Reliance Industries zoomed Rs 48,238.78 crore to Rs 16,37,408.27 crore.

State Bank of India's market capitalisation (mcap) jumped Rs 31,325.39 crore to Rs 5,15,887.19 crore.

The mcap of ICICI Bank rallied Rs 23,472.25 crore to Rs 6,40,949.71 crore and that of ITC climbed Rs 21,003.35 crore to Rs 5,28,377.17 crore.

The valuation of Tata Consultancy Services (TCS) advanced Rs 19,886.94 crore to Rs 11,76,750.92 crore and that of Bharti Airtel gained Rs 18,874.22 crore to Rs 4,45,509.68 crore.

Infosys added Rs 10,447.1 crore taking its market valuation to Rs 5,19,662.10 crore.

HDFC Bank's valuation surged Rs 8,115.33 crore to Rs 9,42,052.68 crore and that of HDFC climbed Rs 2,862.07 crore to Rs 5,09,126.31 crore.

However, the market valuation of Hindustan Unilever declined Rs 10,244.22 crore to Rs 5,76,683.68 crore.

The top-10 firms include Reliance Industries, TCS, HDFC Bank, ICICI Bank, Hindustan Unilever Limited, ITC, Infosys, State Bank of India, HDFC and Bharti Airtel.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

RECENT NEWS

Revoluts Australian Banking Licence Game Changer

Revolut has spent much of its life insisting that it is more than a bank. In Australia, it has now decided that becoming... Read more

The AI Bank Is Coming, But Who Controls The Risk?

Artificial intelligence is no longer something banks discuss as a distant possibility. It is already working behind the ... Read more

ClearBank UK Profit Leads To European Growth

ClearBank has spent much of the past decade building the technology and regulatory infrastructure needed to challenge so... Read more

Bank Of London Continues To Rebuild

ClearBank’s progress shows that modern clearing and banking infrastructure can become a sizeable and profitable busine... Read more

JPMorgan's Berlin Moment: Chase Takes On Europe

There is something quietly symbolic about JPMorgan Chase choosing Berlin as its gateway into continental Europe. In a fo... Read more

What Strategy's Bitcoin Sale Really Tells Us

There is a moment in every bull run when the narrative starts to fray. Not with a crash, not with a scandal, but with so... Read more