scorecardresearchFour of top-10 firms add ₹2.31 lakh crore in market cap last week; Reliance

Four of top-10 firms add 2.31 lakh crore in market cap last week; Reliance lead gainer

Updated: 06 Jun 2022, 07:34 AM IST
TL;DR.

While TCS, Infosys and ICICI Bank were the other gainers from the top-10 pack, HDFC Bank, HUL, LIC, SBI, HDFC and Bharti Airtel faced erosion from their market valuation. Their cumulative losses stood at 68,140.72 crore.

BSE has launched a surveillance framework for certain midcap and smallcap stocks. (PTI Photo/Kunal Patil) 

BSE has launched a surveillance framework for certain midcap and smallcap stocks. (PTI Photo/Kunal Patil) 

(PTI) Four of the 10 most valued domestic firms together added a whopping 2,31,320.37 crore in market valuation last week, with market heavyweight Reliance Industries contributing the most to the overall gains.

Last week, the Sensex jumped 884.57 points or 1.61 per cent.

While TCS, Infosys and ICICI Bank were the other gainers from the top-10 pack, HDFC Bank, HUL, LIC, SBI, HDFC and Bharti Airtel faced erosion from their market valuation. Their cumulative losses stood at 68,140.72 crore.

The valuation of Reliance Industries jumped 1,38,222.46 crore to reach 18,80,350.47 crore.

The market capitalisation (m-cap) of Tata Consultancy Services (TCS) rallied by 64,618.85 crore to 12,58,274.59 crore and that of Infosys zoomed 25,728.52 crore to 6,40,373.02 crore.

ICICI Bank added 2,750.54 crore, taking its valuation to 5,17,049.46 crore.

In contrast, the m-cap of Bharti Airtel tanked 25,955.25 crore to 3,76,972.75 crore.

The valuation of Life Insurance Corporation (LIC) tumbled 13,472.25 crore to 5,06,157.94 crore.

HDFC's valuation plunged 9,355.02 crore to 4,13,299.36 crore and that of Hindustan Unilever (HUL) dived 8,963.69 crore to 5,38,561.56 crore.

The market valuation of HDFC Bank declined by 6,199.94 crore to 7,66,314.71 crore and that of State Bank of India (SBI) dipped 4,194.57 crore to 4,14,369.71 crore.

In the ranking of top-10 firms, Reliance Industries retained the title of the most valued firm, followed by TCS, HDFC Bank, Infosys, HUL, ICICI Bank, LIC, SBI, HDFC and Bharti Airtel. PTI SUM SUM ABM ABM

First Published: 06 Jun 2022, 07:34 AM IST