scorecardresearchMarket Wrap: Eight of top 10 firms add ₹1.81 lakh crore in market cap;

Market Wrap: Eight of top 10 firms add 1.81 lakh crore in market cap; HUL tops chart, RIL and TCS lag

Updated: 10 Jul 2022, 11:04 AM IST
TL;DR.

From the top-10 pack, Reliance Industries and Tata Consultancy Services (TCS) were the only laggards.

FILE PHOTO: An India Rupee note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration

FILE PHOTO: An India Rupee note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration

(PTI) Eight of the 10 most valued domestic firms together added 1,81,209.89 crore in market valuation last week, with Hindustan Unilever emerging as the biggest gainer.

Last week, the BSE benchmark Sensex advanced 1,573.91 points or 2.97 per cent.

From the top-10 pack, Reliance Industries and Tata Consultancy Services (TCS) were the only laggards.

Among the winners, Hindustan Unilever Ltd (HUL) added 50,058.05 crore, taking its valuation to 5,86,422.74 crore.

ICICI Bank's valuation jumped 35,956.8 crore to reach 5,25,656.96 crore.

The market valuation of HDFC Bank advanced 23,940.12 crore to 7,75,832.15 crore and that of Life Insurance Corporation of India (LIC) climbed 19,797.24 crore to 4,47,841.46 crore.

The market capitalisation (m-cap) of State Bank of India (SBI) went higher by 19,232.55 crore to 4,35,922.66 crore and that of Infosys jumped 15,126.4 crore to 6,37,033.78 crore.

Bharti Airtel's valuation moved up by 12,000.08 crore to 3,81,833.20 crore and that of HDFC climbed 5,098.65 crore to 4,06,213.61 crore.

In contrast, the m-cap of TCS declined by 18,770.93 crore to 11,94,625.39 crore.

The country's largest software exporter TCS on Friday reported a 5.2 per cent rise in June quarter net profit to 9,478 crore. The results were declared post market hours.

The valuation of Reliance Industries went lower by 11,805.14 crore to 16,17,879.36 crore.

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

First Published: 10 Jul 2022, 11:04 AM IST