Mcap of 8 of top-10 most valued firms surges ₹1.21 lakh crore; Reliance biggest winner
The Hindu
Last week, BSE Sensex hit record high, with market valuations of top firms surging significantly.
The combined market valuation of eight of the top-10 most valued firms surged ₹1,21,270.83 crore last week, with Reliance Industries becoming the biggest gainer, in line with an outstanding rally in benchmark equity indices.
Last week, the BSE benchmark jumped 1,027.54 points or 1.21%. The BSE Sensex hit its record high of 85,978.25 on Friday.
The market valuation of Reliance Industries jumped ₹53,652.92 crore to ₹20,65,197.60 crore.
State Bank of India added ₹18,518.57 crore taking its valuation to ₹7,16,333.98 crore.
Bharti Airtel's market valuation soared ₹13,094.52 crore to ₹9,87,904.63 crore and that of ITC grew by ₹9,927.3 crore to ₹6,53,834.72 crore.
The market capitalisation (mcap) of Tata Consultancy Services (TCS) surged ₹8,592.96 crore to ₹15,59,052 crore.
HDFC Bank's valuation climbed ₹8,581.64 crore to ₹13,37,186.93 crore and that of Life Insurance Corporation of India (LIC) zoomed ₹8,443.87 crore to ₹6,47,616.51 crore.
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