Mcap of 8 of top-10 valued firms soars to ₹1.10 lakh crore; RIL biggest gainer

Market valuation of eight of the 10 most valued firms jumped ₹1,10,106.83 crore last week, with Reliance Industries Ltd (RIL) emerging as the biggest gainer.

Last week, the 30-share BSE Sensex benchmark rose 716.16 points or 0.97 per cent.

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RIL, ICICI Bank, Life Insurance Corporation of India (LIC), ITC, and Hindustan Unilever Ltd (HUL) were among the gainers while Tata Consultancy Services (TCS) and Infosys saw a combined erosion of ₹38,477.49 crore in market valuation.

Reliance Industries added ₹43,976.96 crore to its market valuation at ₹20,20,470.88 crore. On Friday, shares of the oil-to-telecom conglomerate hit a fresh 52-week high of ₹2,996.15 apiece.

The valuation of ICICI Bank jumped ₹27,012.47 crore to ₹7,44,808.72 crore, and that of state-owned insurer LIC surged ₹17,235.62 crore to ₹6,74,655.88 crore.

The market capitalisation (mcap) of ITC rallied ₹8,548.19 crore to ₹5,13,640.37 crore, and that of Hindustan Unilever Ltd zoomed ₹4,534.71 crore to ₹5,62,574.38 crore.

Public sector lender State Bank of India mcap climbed ₹4,149.94 crore to ₹6,77,735.03 crore. SBI surpassed IT company Infosys to become the country’s fifth most-valued firm by market valuation on the BSE on Wednesday.

The market valuation of Bharti Airtel rose by ₹3,855.73 crore to ₹6,34,196.63 crore and that of HDFC Bank to ₹793.21 to ₹10,79,286.5 crore.

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However, the valuation of IT major Tata Consultancy Services declined ₹27,949.73 crore to ₹14,66,030.97 crore, and that of Infosys slumped by ₹10,527.76 crore to ₹6,96,045.32 crore.

Reliance Industries continued to retain the title of the most valued firm, followed by TCS, HDFC Bank, ICICI Bank, Infosys, SBI, LIC, Bharti Airtel, Hindustan Unilever and ITC.