Market capitalization of 7 of top-10 most valued companies rose Rs 65,302 crore last week
The combined market valuation of seven of the top 10 most valued firms increased by Rs 65,302.5 crore last week with Tata Consultancy Services (TCS) and ICICI Bank leading the pack.
Sensex surged 663.35 points or 0.90% last week, while Nifty advanced 165.7 points or 0.74%.
BSE and NSE also conducted a special trading session on Saturday to test their preparedness for handling major disruptions or failures at the primary site, with intra-day switch from Primary Site to Disaster Recovery site.
Market capitalization of TCS, HDFC Bank, ICICI Bank, State Bank of India, Bharti Airtel, Hindustan Unilever, and ITC soared among the top 10 companies.
Reliance Industries, Infosys, and Life Insurance Corporation of India (LICI) saw a decline in their m-cap.
TCS experienced an increase of Rs 19,881.39 crore in its market valuation, reaching Rs 14,85,912.36 crore. ICICI Bank gained Rs 15,672.82 crore, bringing its valuation to Rs 7,60,481.54 crore. State Bank of India saw a jump of Rs 12,182.1 crore, reaching Rs 6,89,917.13 crore, while HDFC Bank rallied Rs 7,178.03 crore, reaching Rs 10,86,464.53 crore.
Hindustan Unilever’s market capitalization rose by Rs 5,051.63 crore to Rs 5,67,626.01 crore, and Bharti Airtel climbed by Rs 4,525.14 crore to Rs 6,38,721.77 crore. ITC’s valuation increased by Rs 811.39 crore to Rs 5,14,451.76 crore.
However, Life Insurance Corporation of India (LICI) saw a decline of Rs 19,892.12 crore in its market capitalization, reaching Rs 6,54,763.76 crore. Infosys also experienced a decline of Rs 9,048.17 crore, reaching Rs 6,86,997.15 crore, while Reliance Industries dipped by Rs 3,720.44 crore, reaching Rs 20,16,750.44 crore.
In terms of market valuation, Reliance Industries remained the top company, followed by TCS, HDFC Bank, ICICI Bank, State Bank of India, Infosys, Life Insurance Corporation of India (LICI), Bharti Airtel, Hindustan Unilever, and ITC.
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