The cumulative market valuation of six of the 10 most valued firms advanced by ₹1,07,370.4 crore last week, helped by robust gains of TCS, HDFC and HDFC Bank.
The market capitalisation (m-cap) of Tata Consultancy Services (TCS) zoomed ₹34,811.32 crore to ₹5,65,624.13 crore, emerging as the biggest gainer among the top-10 firms. HDFC’s m-cap soared ₹22,238.48 crore to ₹3,03,614.28 crore and that of HDFC Bank surged ₹22,158.51 crore to ₹5,05,384.92 crore.
The valuation of Infosys advanced by ₹14,162.91 crore to ₹2,49,680.06 crore and that of ITC jumped ₹7,740.94 crore to ₹3,33,835.66 crore. SBI added ₹6,258.24 crore to its m-cap to touch ₹2,66,773.62 crore.
On the other hand, the market cap of Reliance Industries Ltd (RIL) slumped ₹10,981.64 crore to ₹5,88,642.81 crore and that of ONGC dived Rs. 8,534.1 crore to ₹2,48,451.43 crore. Maruti Suzuki India lost ₹4,197.4 crore to ₹2,81,579.40 crore and Hindustan Unilever Ltd (HUL) saw an erosion of ₹2,196.94 crore to ₹2,94,921.03 crore.
The Sensex had recorded a rise of 919.19 points, or 2.65 per cent, while the Nifty gained 213.45 points, or 1.99 per cent, last week. In the ranking of top-10 firms, RIL stood at number one position, followed by TCS, HDFC Bank, ITC, HDFC, HUL, Maruti, SBI, Infosys and ONGC.