Mcap: 8 of 10 most-valued firms climb ₹88,085.89 cr; HDFC Bank biggest gainer

The combined market valuation of eight of the top-10 most-valued firms climbed ₹88,085.89 crore last week, with HDFC Bank leading the pack of gainers, in line with an optimistic trend in equities.

Last week, the BSE benchmark gauge climbed 509.41 points, or 0.66 per cent.

From the top-10 pack, HDFC Bank, Tata Consultancy Services (TCS), Bharti Airtel, ICICI Bank, State Bank of India, Bajaj Finance, Hindustan Unilever, and ITC were the gainers, while Reliance Industries and Infosys faced erosion from their market valuation.

HDFC Bank added ₹44,933.62 crore, taking its valuation to ₹13,99,208.73 crore.

The market capitalisation (mcap) of State Bank of India jumped ₹16,599.79 crore to ₹6,88,623.68 crore.

The valuation of TCS rallied ₹9,063.31 crore to ₹13,04,121.56 crore while that of ICICI Bank was up ₹5,140.15 crore to ₹9,52,768.61 crore.

The mcap of ITC soared ₹5,032.59 crore to ₹5,12,828.63 crore and that of Hindustan Unilever climbed ₹2,796.01 crore to ₹5,30,854.90 crore.

• Also read: Foreign investors remained net sellers in India stock market for third month

Bharti Airtel’s market valuation advanced ₹2,651.48 crore to ₹9,87,005.92 crore. The mcap of Bajaj Finance went up ₹1,868.94 crore to ₹5,54,715.12 crore.

However, the valuation of Infosys tanked ₹9,135.89 crore to ₹6,52,228.49 crore and that of Reliance Industries dipped ₹1,962.2 crore to ₹17,25,377.54 crore.

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