scorecardresearchMarket valuation of top-10 most valued firms jumps ₹1.88 lakh cr; HDFC

Market valuation of top-10 most valued firms jumps 1.88 lakh cr; HDFC Bank, TCS shine

Updated: 03 Jul 2023, 09:08 AM IST
TL;DR.

Propelled by optimism in equities, the combined market valuation of the top 10 most valued firms increased by 1,88,050.82 crore.

FILE PHOTO: A man points to an electronic board showing fluctuations of market indices at the floor of Brazil's BM&F Bovespa Stock Market in downtown Sao Paulo, Brazil, January 7, 2016.  REUTERS/Paulo Whitaker/File Photo

FILE PHOTO: A man points to an electronic board showing fluctuations of market indices at the floor of Brazil's BM&F Bovespa Stock Market in downtown Sao Paulo, Brazil, January 7, 2016. REUTERS/Paulo Whitaker/File Photo

(PTI) The combined market valuation of the top 10 most valued firms jumped 1.88 lakh crore last week, with HDFC Bank and Tata Consultancy Services emerging as the biggest gainers, amid bullish investor sentiments.

Last week, the BSE benchmark jumped 1,739.19 points or 2.76 per cent.

The 30-share BSE Sensex jumped 803.14 points or 1.26 per cent to settle at its lifetime closing high of 64,718.56 on Friday. During the day, it zoomed 853.16 points or 1.33 per cent to reach its record intra-day peak of 64,768.58.

Propelled by optimism in equities, the combined market valuation of the top 10 most valued firms increased by 1,88,050.82 crore.

The valuation of HDFC Bank surged 32,600.19 crore to 9,51,584.36 crore, the most among the top 10 firms.

Tata Consultancy Services (TCS) added 30,388.43 crore, taking its market valuation to 12,07,669.91 crore.

The valuation of Infosys jumped 28,862.38 crore to 5,54,091.27 crore, and that of Reliance Industries zoomed 23,984.28 crore to 17,25,704.60 crore.

The market capitalisation (mcap) of HDFC climbed 19,050.56 crore to 5,22,368.64 crore, and that of the State Bank of India advanced by 16,153.55 crore to 5,11,201.77 crore.

The mcap of Bharti Airtel rallied 12,353.29 crore to 4,90,063.76 crore, and that of ITC went up by 8,699.61 crore to 5,61,311.42 crore.

Hindustan Unilever's valuation soared 8,517.26 crore to 6,29,314.52 crore, and that of ICICI Bank gained 7,441.27 crore to 6,53,704.04 crore.

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

 

First Published: 03 Jul 2023, 09:08 AM IST