New Delhi: Four highest among top-10 valuable firms Market valuation increased by Rs 2.18 lakh crore last week Life Insurance Corporation And State Bank of India is emerging as the biggest beneficiary. From the top-10 pack, Reliance IndustriesTata Consultancy Services (TCS), Life Insurance Corporation of India (LIC) And State Bank of India Were going to benefit. They collectively added Rs 2,18,598.29 crore to the market capitalisation.
On the other hand, HDFC Bank, ICICI Bank, InfosysBharti Airtel, Hindustan Unilever and ITC faced a write-down of Rs 1,06,631.39 crore from their valuations.
Last week, the BSE benchmark fell 490.14 points or 0.67 per cent.
Market valuation of LIC increased by Rs 86,146.47 crore to Rs 6,83,637.38 crore. LIC’s share price jumped nearly 6 per cent on Monday to reach the Rs 1,000 mark for the first time.
SBI added Rs 65,908.26 crore, taking its valuation to Rs 6,46,365.02 crore.
The market valuation of TCS increased by Rs 61,435.47 crore to Rs 15,12,743.31 crore and that of Reliance increased by Rs 5,108.09 crore to reach Rs 19,77,136.54 crore.
TCS shares jumped 4 per cent on Tuesday, taking its market valuation above Rs 15 lakh crore.
However, the market capitalization (mcap) of HDFC Bank declined by Rs 32,963.94 crore to Rs 10,65,808.71 crore. ITC’s valuation declined by Rs 30,698.62 crore to Rs 5,18,632.02 crore.
Bharti Airtel’s mcap fell by Rs 16,132.15 crore to Rs 6,31,044.50 crore and Infosys’ mcap fell by Rs 10,044.09 crore to Rs 6,92,980.35 crore.
The valuation of ICICI Bank declined by Rs 9,779.06 crore to Rs 7,09,254.77 crore and that of Hindustan Unilever declined by Rs 7,013.53 crore to Rs 5,69,587.91 crore.
In the ranking of top 10 most valuable companies, Reliance Industries continued to rule the charts, followed by TCS, HDFC Bank, ICICI Bank, Infosys, LIC, State Bank of India, Airtel, Hindustan Unilever and ITC.