The combined market valuation of seven of the top-10 most valued firms jumped Rs 1.07 crore, with Tata Consultancy Services (TCS) and Infosys emerging as the biggest gainers. The valuation of TCS rallied Rs 59,349.81 crore to Rs 12,34,637.11 crore. The market capitalization (m-cap) of Infosys jumped Rs 22,997.16 crore to Rs 6,32,684.95 crore.
While TCS, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, HDFC and Life Insurance Corporation of India (LIC) gained, Reliance Industries Limited, State Bank of India and Bharti Airtel faced breakdown from their market valuation.
In the ranking of top-10 companies, Reliance Industries remained the most valued domestic firm followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, State Bank of India, HDFC, LIC and Bharti Airtel.
Hindustan Unilever’s valuation climbed Rs 10,514.42 crore to Rs 6,16,004.09 crore and that of HDFC gained Rs 4,904.87 crore to Rs 4,78,922.89 crore. LIC added Rs 3,668.5 crore taking its m-cap to Rs 4,50,782.59 crore. The m-cap of HDFC Bank surged Rs 3,624.89 crore to Rs 8,92,754.89 crore, with ICICI Bank’s climbing to Rs 2,165.17 crore to Rs 6,09,305.82 crore.
Meanwhile, the valuation of Reliance Industries tanked Rs 47,290.7 crore to Rs 16,69,280.55 crore. Bharti Airtel’s market valuation declined by Rs 17,373.86 crore to Rs 4,25,982.59 crore and that of State Bank of India dipped Rs 490.85 crore to Rs 5,35,521.33 crore.
