New Delhi, Jan 4 (.) The combined market capitalisation of seven of the top-10 most-valued firms surged Rs 1,23,724.19 crore last week. Reliance Industries marked the biggest jump in its valuation.
The market valuation of Reliance Industries jumped Rs 45,266.12 crore to Rs 21,54,978.60 crore.
On the gaining side were Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Larsen & Toubro, and Hindustan Unilever. While Tata Consultancy Services (TCS), Infosys, and Bajaj Finance faced erosion in their valuation.
The market capitalisation (mcap) of HDFC Bank edged higher by Rs 13,538.43 crore to Rs 15,40,303.87 crore, and that of ICICI Bank advanced Rs 3,103.99 crore to Rs 9,68,773.14 crore.
State Bank of India added Rs 30,414.89 crore, taking its valuation to Rs 9,22,461.77 crore. Bajaj Finance dropped Rs 5,693.58 crore to Rs 6,16,430.43 crore.
Larsen & Toubro’s valuation surged Rs 16,204.34 crore to Rs 5,72,640.56 crore, and that of Hindustan Unilever climbed Rs 14,626.21 crore to Rs 5,51,637.04 crore. The mcap of Bharti Airtel went up by Rs 570.21 crore to Rs 12,01,262.53 crore.
However, the market valuation of TCS eroded Rs 10,745.72 crore to Rs 11,75,914.62 crore; on the other hand, mcap of Infosys declined Rs 6,183.25 crore to Rs 6,81,635.59 crore.
Bajaj Finance dropped Rs 5,693.58 crore to Rs 6,16,430.43 crore. In a rank-wise analysis, Reliance Industries retained the title of the most valued firm, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Larsen & Toubro, and Hindustan Unilever.
Indian equity indices ended on a strong note on Friday with Nifty above 26,325. At close, the Sensex was up 573.41 points or 0.67 percent at 85,762.01, and the Nifty was up 182 points or 0.70 percent at 26,328.55.
Nifty 50 hit an all-time high of 26,340 during the session but pared some gains to settle at a record closing high of 26,328.55, rising 182 points, or 0.70 percent.
. VK VAN