Market cap of 7 out of top 10 most valuable companies increased by Rs 1.83 lakh crore
Delhi Delhi. The combined market valuation of seven of the top 10 most valued companies rose by Rs 1,83,322.54 crore last week, with Hindustan Unilever being the biggest gainer. The BSE benchmark jumped 1,315.5 points, or 1.72 per cent, and the Nifty rose 389.95 points, or 1.68 per cent, last week. Stock markets were open on Saturday due to the presentation of the Union Budget. Among the top 10 companies, Reliance Industries, HDFC Bank, ICICI Bank, State Bank of India, Hindustan Unilever, ITC and Life Insurance Corporation of India (LIC) gained, while valuations of Tata Consultancy Services (TCS), Bharti Airtel and Infosys declined. The market capitalisation (mcap) of Hindustan Unilever rose by Rs 32,471.36 crore to Rs 5,89,066.03 crore. ICICI Bank’s valuation rose by Rs 32,302.56 crore to Rs 8,86,247.75 crore.
HDFC Bank’s market cap rose by Rs 30,822.71 crore to Rs 12,92,450.60 crore and ITC’s by Rs 26,212.04 crore to Rs 5,78,604.05 crore.
Reliance Industries’ valuation rose by Rs 25,373.2 crore to Rs 17,11,371.54 crore and State Bank of India’s valuation rose by Rs 19,411.05 crore to Rs 6,83,715.14 crore.
LIC’s valuation rose by Rs 16,729.62 crore to Rs 5,36,201.68 crore.
However, the market valuation of TCS declined by Rs 28,058.27 crore to Rs 14,73,918.40 crore. The market capitalisation of Bharti Airtel fell by Rs 11,211.96 crore to Rs 9,25,201.90 crore and that of Infosys fell by Rs 9,653 crore to Rs 7,68,959.76 crore. Reliance Industries was the most valuable company, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, ITC and LIC.
