New Delhi, Feb 22 (UNI) Last week, the combined market valuation of six of the top 10 firms rose by Rs 63,478.46 crore. Larsen & Toubro and State Bank of India led the gains, emerging as the biggest winners.
On the gaining side were Larsen & Toubro, State Bank of India (SBI), HDFC Bank, Life Insurance Corporation of India (LIC), Bajaj Finance, and Reliance Industries, while on the losing end were Bharti Airtel, ICICI Bank, Infosys, and Tata Consultancy Services.
The market valuation of Larsen & Toubro jumped by Rs 28,523.31 crore to Rs 6,02,552.24 crore.
The SBI added Rs 16,015.12 crore to Rs 11,22,581.56 crore, while the valuation of HDFC Bank climbed by Rs 9,617.56 crore to Rs 14,03,239.48 crore. LIC also edged higher by Rs 5,977.12 crore to Rs 5,52,203.92 crore.
The valuation of ICICI Bank eroded by Rs 14,632.10 crore to Rs 9,97,346.67 crore.
The market capitalisation (mcap) of Bajaj Finance advanced Rs 3,142.36 crore to Rs 6,40,387 crore.
Reliance Industries went up Rs 202.99 crore to Rs 19,21,678.78 crore, while the mcap of Bharti Airtel tumbled Rs 15,338.66 crore to Rs 11,27,705.37 crore.
Infosys’ mcap declined by Rs 6,791.58 crore to Rs 5,48,496.14 crore, and that of Tata Consultancy Services (TCS) dipped by Rs 1,989.95 crore to Rs 9,72,053.48 crore.
In a rank-wise analysis, Reliance Industries remained the most-valued firm, followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, Tata Consultancy Services, Bajaj Finance, Larsen & Toubro, Life Insurance Corporation of India, and Infosys.
The stock market on Friday staged a strong rebound with the Nifty closing above 25,550. At close, the Sensex was up 316.57 points or 0.38 per cent at 82,814.71, and the Nifty was up 116.90 points or 0.46 per cent at 25,571.25.
