HDFC Bank, LIC lead gainers
Mumbai: Four of the top 10 valued firms added Rs1,71,309.28 crore to their market valuation last week with HDFC Bank and Life Insurance Corporation of India (LIC) emerging as the biggest gainers in line with an overall positive trend in equities.
On the other hand, six companies from the top 10 pack took a Rs 78,127.48 crore hit to their market valuation with index major Reliance Industries accounting for the majority of the losses.
Last week, the BSE benchmark climbed 596.87 or 0.81 per cent. It hit an all-time high of 74,501.73 on April 4.
While Tata Consultancy Services (TCS), HDFC Bank, State Bank of India and LIC were the gainers from the top 10 pack, Reliance Industries, ICICI Bank, Bharti Airtel, Infosys, ITC and Hindustan Unilever faced losses in their valuation.
The market valuation of HDFC Bank jumpedRs 76,880.74 crore to reach Rs11,77,065.34 crore. LIC added Rs49,208.48 crore, taking its valuation to Rs6,27,692.77 crore.
The market capitalisation (mcap) of TCS climbed Rs34,733.64 crore to Rs14,39,836.02 crore and that of State Bank of India went up by Rs10,486.42 crore to Rs6,82,152.71 crore.
However, the valuation of Reliance Industries tanked Rs38,462.95 crore to Rs19,75,547.68 crore. The mcap of Bharti Airtel eroded by Rs21,206.58 crore to Rs6,73,831.90 crore and that of ICICI Bank divedRs 9,458.25 crore to Rs7,60,084.40 crore.
The market valuation of Infosys declined by Rs7,996.54 crore to Rs6,14,120.84 crore and that of ITC dipped byRs 873.93 crore to Rs5,34,158.81 crore.
The mcap of Hindustan Unilever went lower by Rs129.23 crore to Rs5,32,816.81 crore.
Reliance Industries remained the most valued domestic firm by market valuation followed by TCS, HDFC Bank, ICICI Bank, State Bank of India, Bharti Airtel, LIC, Infosys, ITC and Hindustan Unilever.
