New Delhi, Oct 19 (UNI) The combined market valuation of seven of the top-10 most valued firms surged by Rs 2,16,544.29 crore last week.
Reliance Industries and Bharti Airtel remained key performers with an optimistic trend in equities. The market valuation of Reliance Industries jumped Rs 47,363.65 crore to Rs 19,17,483.71 crore while Bharti Airtel added Rs 41,254.73 crore taking its valuation to Rs 11,47,235.08 crore.
Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Bajaj Finance and Hindustan Unilever were the gainers, while Tata Consultancy Services (TCS), Infosys and Life Insurance Corporation of India (LIC) faced erosion from their valuation. In a rank-wise analysis, Reliance Industries remained the most valued firm. It was followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Bajaj Finance, Hindustan Unilever, Infosys and LIC.
The market capitalisation (mcap) of TCS declined by Rs 23,807.01 crore to Rs 10,71,894.61 crore. However, the valuation of Infosys dropped by Rs 30,306.35 crore to Rs 5,98,773.87 crore. The mcap of ICICI Bank surged by Rs 40,123.88 crore to Rs 10,26,491.35 crore and that of HDFC Bank rallied Rs 33,185.59 crore to Rs 15,40,210.78 crore.
The valuation of Bajaj Finance climbed Rs 28,903.45 crore to Rs 6,65,899.19 crore and that of State Bank of India went up by Rs 7,938.34 crore to Rs 8,20,924.98 crore.
