Mcap of eight of top-10 firms rises by ₹2.10 lakh crore; TCS and LIC leading gains
The Hindu
Top-10 firms' market valuation rises by Rs 2,10,330.26 crore, with TCS and LIC leading the gains.
The combined market valuation of eight of the top-10 most valued firms jumped ₹2,10,330.26 crore in a holiday-shorted last week, with Tata Consultancy Services (TCS) and Life Insurance Corporation of India emerging as the biggest gainers.
Last week, the BSE benchmark climbed 85.31 points or 0.10%. The 30-share BSE Sensex hit its new all-time high of 81,587.76 on July 19.
Stock markets were closed on July 17 on account of Muharram.
From the top-10 group, the valuation of TCS zoomed from ₹42,639.16 crore to ₹15,56,772.61 crore.
The market capitalization (mcap) of Life Insurance Corporation of India (LIC) surged from ₹36,748.23 crore to ₹7,01,695.24 crore.
Infosys added ₹33,569.16 crore, taking its valuation to ₹7,44,396.43 crore, while State Bank of India's mcap climbed ₹26,372.23 crore to ₹7,93,576.49 crore.
Hindustan Unilever's mcap soared ₹24,494.49 crore to ₹6,40,651.30 crore, and that of ITC jumped ₹19,420.52 crore to ₹5,92,679.30 crore.