Sunil Mittal-led Bharti Airtel and HDFC Bank emerged as the biggest gainers at the stock market as the combined market valuation of the country’s top-10 most valued firms surged Rs 1,18,151.75 last week, in line with firm trend in equities, as the BSE benchmark climbed 354.23 points, or 0.45 percent, while the Nifty surged by 77.8 points, or 0.33 percent.
According to market data, the market capitalization (mcap) of HDFC Bank jumped Rs 32,639.98 crore to Rs 13,25,090.58 crore, while Bharti Airtel added Rs 31,003.44 crore taking its valuation to Rs 9,56,205.34 crore.
Apart from HDFC Bank and Bharti Airtel, Mukesh Ambani-led Reliance Industries Ltd (RIL), and ICICI Bank, Bajaj Finance, and Narayana Murthy’s Infosys, were also among the gainers from the 10-most valued firms. In contrast, Tata Consultancy Services (TCS), State Bank of India, Hindustan Unilever, and ITC faced erosion from their valuation, losing a combined Rs 1.15 lakh crore in mcap.
The Mcap of Bajaj Finance surged Rs 29,032.08 crore to Rs 5,24,312.82 crore and that of Infosys rallied Rs 21,114.32 crore to Rs 7,90,074.08 crore, while the valuation of Reliance Industries climbed Rs 2,977.12 crore to Rs 17,14,348.66 crore and that of ICICI Bank went up Rs 1,384.81 crore to Rs 8,87,632.56 crore.
Meanwhile, the market valuation of ITC tanked Rs 39,474.45 crore to Rs 5,39,129.60 crore, while Hindustan Unilever tumbled Rs 33,704.89 crore to Rs 5,55,361.14 crore. The mcap of State Bank of India declined Rs 25,926.02 crore to Rs 6,57,789.12 crore and that of TCS dipped Rs 16,064.31 crore to Rs 14,57,854.09
Notably, Mukesh Ambani-led Reliance Industries is the most-valued domestic firm followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, ITC, and Bajaj Finance.
(With PTI inputs)
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