scorecardresearchMarket cap of seven of top-10 most valued firms climb ₹67,859.77 crore;

Market cap of seven of top-10 most valued firms climb 67,859.77 crore; ICICI Bank, HDFC Bank shine

Updated: 16 Apr 2023, 11:07 AM IST
TL;DR.

From the top-10 pack, Reliance Industries, HDFC Bank, ICICI Bank, HDFC, ITC, State Bank of India and Bharti Airtel were the winners, while Tata Consultancy Services (TCS), Hindustan Unilever and Infosys were the laggards.

Mumbai: People look at Sensex updates on a screen outside the Bombay Stock Exchange (BSE) building, in Mumbai, Friday, Jan. 27, 2023. Equity benchmarks Sensex and Nifty plunged over 1 per cent for a second straight session on Friday, Jan. 27, 2023. (PTI Photo)(PTI01_27_2023_000241B)

Mumbai: People look at Sensex updates on a screen outside the Bombay Stock Exchange (BSE) building, in Mumbai, Friday, Jan. 27, 2023. Equity benchmarks Sensex and Nifty plunged over 1 per cent for a second straight session on Friday, Jan. 27, 2023. (PTI Photo)(PTI01_27_2023_000241B)

(PTI) Seven of the top-10 most valued firms together added 67,859.77 crore in market valuation in a holiday-shortened last week, with ICICI Bank and HDFC Bank emerging as the biggest gainers.

Last week, the 30-share BSE Sensex climbed 598.03 points or 0.99 per cent.

Equity markets were closed on Friday (April 14) on account of Ambedkar Jayanti.

From the top-10 pack, Reliance Industries, HDFC Bank, ICICI Bank, HDFC, ITC, State Bank of India and Bharti Airtel were the winners, while Tata Consultancy Services (TCS), Hindustan Unilever and Infosys were the laggards.

The market valuation of ICICI Bank jumped 17,188.25 crore to 6,27,940.23 crore.

HDFC Bank's valuation rallied 15,065.31 crore to 9,44,817.85 crore.

The market valuation of HDFC climbed 10,557.84 crore to 5,11,436.51 crore and that of ITC zoomed 10,190.97 crore to 4,91,465.96 crore.

Reliance Industries market capitalisation (mcap) surged 9,911.59 crore to 15,93,736.01 crore.

The mcap of State Bank of India climbed 4,640.8 crore to 4,75,815.69 crore and that of Bharti Airtel went up by 305.01 crore to 4,27,416.08 crore.

However, the valuation of Infosys tumbled 13,897.67 crore to 5,76,069.05 crore.

The mcap of TCS plunged 11,654.08 crore to 11,67,182.50 crore and that of Hindustan Unilever tanked 6,954.79 crore to 5,95,386.43 crore.

The country's largest IT services exporter TCS on Wednesday reported a 14.8 per cent increase in March quarter net profit at 11,392 crore but flagged worries from its key market of North America.

Infosys Ltd on Thursday reported lower-than-expected growth in the fourth quarter net profit and gave a weak 4-7 per cent revenue growth guidance for FY24 amid the tightening of IT budgets by clients following turmoil in the US banking sector.

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

First Published: 16 Apr 2023, 11:07 AM IST