D-Street Dons! Massive Rs 85,582 cr jump in market cap of 5 of top-10 largest firms; LIC leads race

d-street dons! massive rs 85,582 cr jump in market cap of 5 of top-10 largest firms; lic leads race

Last week turned profitable to big valuation companies as five of the top-10 valued firms added around Rs 85,582 crore in market valuation. Life Insurance Corporation of India (LIC) remained the biggest gainer due to upward jump in equities followed by Reliance Industries, HDFC Bank, Bharti Airtel and State Bank of India, as per ET report. The 30-S&P BSE Sensex closed on a positive note, with a gain of 0.57% (+433.92 points) at 76,992 points on Friday, June 14.

Tata Consultancy Services (TCS), ICICI Bank, Infosys, Hindustan Unilever, and ITC were among the top losers last week. These firms cumulatively lost around Rs 84,704 crore from the market valuation.

Nifty 50 touched record high last week. On Friday, June 14, it closed at 23,465 points.

LIC has a market cap of Rs 6.74 lakh crore as per BSE analysts. The current price of LIC stock stands at Rs 1067 on BSE.

Reliance Industries limited (RIL) has a market cap of Rs 19.98 lakh crore as per BSE analysts. The current price of RIL stock stands at Rs 2954.55 apiece on BSE.

HDFC Bank has a market cap of Rs 1597.45 apiece as per BSE analysts. The current price of HDFC Bank stands at Rs 1597 apiece.

The capital of Bharti Airtel increased by Rs 1,108.36 crore to Rs 8,11,524.37 crore, while the capital of State Bank of India increased by Rs 9,192.35 crore to Rs 7,49,845.89 crore.

Nonetheless, Hindustan Unilever's valuation decreased to Rs 5,82,522.41 crore from Rs 22,885.02 crore.

TCS's market capitalization fell by Rs 22,052.24 crore to Rs 13,86,433.05 crore, while Infosys' market capitalization decreased by Rs 18,600.5 crore to Rs 6,18,030.37 crore.