Four of the 10 most valued companies added Rs 1,14,744.44 crore to their total market valuation last week, with major contribution coming in from IT giants Tata Consultancy Services and Infosys.
While Tata Consultancy Services (TCS), Infosys, Hindustan Unilever Limited and Bharti Airtel witnessed gains in their valuation, Reliance Industries, HDFC Bank, HDFC, ICICI Bank, Kotak Mahindra Bank and State Bank of India witnessed losses in their market capitalisation. But, their cumulative loss of Rs 99,183.31 crore was less than the total gains made by the four firms.
The valuation of Tata Consultancy Services zoomed Rs 57,816.18 crore to reach Rs 12,28,898.85 crore. Infosys added Rs 23,625.36 crore to its valuation at Rs 6,13,854.71 crore.
The valuation of Hindustan Unilever Limited jumped Rs 17,974.19 crore to Rs 5,81,741.24 crore and that of Bharti Airtel by Rs 15,328.71 crore to Rs 2,99,507.71 crore.
In contrast, HDFC Bank’s valuation declined by Rs 35,750.35 crore to Rs 7,83,723.87 crore. The market capitalisation of Reliance Industries dipped Rs 24,755.52 crore to reach Rs 12,56,889.45 crore.
ICICI Bank’s valuation declined by Rs 18,996.52 crore to Rs 3,91,778.85 crore and that of State Bank of India by Rs 15,618.07 crore to Rs 3,15,083.41 crore. The valuation of HDFC dropped by Rs 3,012.59 crore to Rs 4,53,557.23 crore and that of Kotak Mahindra Bank by Rs 1,050.26 crore to Rs 3,56,523.48 crore.
In the ranking of top-10 companies, Reliance Industries retained the status of most valued firm followed by Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever, HDFC, ICICI Bank, Kotak Mahindra Bank, State Bank of India and Bharti Airtel.
During the last week, the BSE benchmark declined by 438.51 points or 0.87 per cent.