scorecardresearchMarket cap of nine of top-10 valued firms jumps ₹2.51 lakh crore; TCS

Market cap of nine of top-10 valued firms jumps 2.51 lakh crore; TCS lead gainer

Updated: 26 Jun 2022, 10:08 AM IST
TL;DR.

HDFC Bank, Infosys, Hindustan Unilever Limited and ICICI Bank were among the gainers while Reliance Industries was the sole loser in the pack.

The grey market is an unofficial market wherein traders buy or sell IPO shares and applications even before they are officially launched for trading on the stock exchange.

The grey market is an unofficial market wherein traders buy or sell IPO shares and applications even before they are officially launched for trading on the stock exchange.

(PTI) Nine of the 10 most valued firms added 2.51 lakh crore to their market valuation last week, with Tata Consultancy Services emerging as the biggest gainer.

Last week, the 30-share BSE Sensex jumped 1,367 points or 2.66 per cent.

HDFC Bank, Infosys, Hindustan Unilever Limited and ICICI Bank were among the gainers while Reliance Industries was the sole loser in the pack.

Tata Consultancy Services (TCS) added 74,534.87 crore to its market valuation which stood at 12,04,907.32 crore at close on Friday.

The market capitalisation (mcap) of Hindustan Unilever jumped by 44,888.95 crore to 5,41,240.10 crore. HDFC Bank's valuation rose by 35,427.18 crore to 7,51,800.31 crore and that of HDFC's by 24,747.87 crore to 3,97,190.50 crore.

The market valuation of Infosys climbed 22,888.49 crore to 6,06,734.50 crore and that of ICICI Bank went up by 17,813.78 crore to 4,96,354.36 crore.

Bharti Airtel's mcap increased by 15,185.45 crore to 3,68,789.63 crore and that of State Bank of India by 11,914.36 crore to 4,05,489.73 crore. Life Insurance Corporation (LIC) added 4,427.5 crore, taking its valuation to 4,18,525.10 crore.

On the other hand, the market valuation of Reliance Industries fell by 59,901.07 crore to 16,91,785.45 crore.

In the ranking of top-10 firms, Reliance Industries remained the most valued company, followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, LIC, State Bank of India, HDFC and Bharti Airtel. 

First Published: 26 Jun 2022, 10:08 AM IST