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Four of the top-10 most valued firms together added ₹2.18 lakh crore in market valuation last week, with Life Insurance Corporation and State Bank of India emerging as the biggest gainers.
- Also read: Inflation, industrial production data, global trends to drive market trends this week: Analysts
From the top-10 pack, Reliance Industries, Tata Consultancy Services (TCS), Life Insurance Corporation of India (LIC) and SBI were the gainers. They collectively added ₹2,18,598.29 crore in market capitalisation.
On the other hand, HDFC Bank, ICICI Bank, Infosys, Bharti Airtel, Hindustan Unilever and ITC faced erosion from their valuation to the tune of ₹1,06,631.39 crore.
Last week, the BSE benchmark declined 490.14 points or 0.67 per cent.
Market valuation of LIC jumped ₹86,146.47 crore to ₹6,83,637.38 crore. The share price of LIC on Monday jumped nearly 6 per cent to hit the ₹1,000 mark for the first time.
SBI added ₹65,908.26 crore, taking its valuation to ₹6,46,365.02 crore.
Market valuation of TCS climbed ₹61,435.47 crore to ₹15,12,743.31 crore and that of Reliance advanced ₹5,108.09 crore to reach ₹19,77,136.54 crore.
Shares of TCS jumped four per cent on Tuesday, taking its market valuation to above ₹15 lakh crore.
However, market capitalisation (mcap) of HDFC Bank declined by ₹32,963.94 crore to ₹10,65,808.71 crore. The valuation of ITC eroded by ₹30,698.62 crore to ₹5,18,632.02 crore.
Mcap of Bharti Airtel fell ₹16,132.15 crore to ₹6,31,044.50 crore and that of Infosys went lower by Rs 10,044.09 crore to Rs 6,92,980.35 crore.
The valuation of ICICI Bank dipped ₹9,779.06 crore to ₹7,09,254.77 crore and that of Hindustan Unilever diminished by ₹7,013.53 crore to ₹5,69,587.91 crore.
In the ranking of top-10 most valued firms, Reliance Industries continued to rule the chart followed by TCS, HDFC Bank, ICICI Bank, Infosys, LIC, State Bank of India, Airtel, Hindustan Unilever and ITC.
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