Good news for Mukesh Ambani, Reliance Industries earns Rs 233430000000 within…, bad news for Narayana Murthy, Noel Tata as Infosys, TCS loses Rs…

The combined market capitalisation of seven of the ten most valued companies rose by Rs 1,06,250.95 crore last week, driven by broad optimism in equities. Bajaj Finance and Reliance Industries led the gains. During the same period, the BSE benchmark advanced 901.11 points (1.12 per cent), while the Nifty added 314.15 points (1.28 per cent).

From the top-10 pack, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Bajaj Finance and LIC were the winners, while TCS, Infosys and Hindustan Unilever face erosion from their market valuation last week. 

 Reliance Industries, Bajaj Finance MCAP Jumps

The valuation of Bajaj Finance surged Rs 37,960.96 crore to Rs 5,83,451.27 crore. Reliance Industries added Rs 23,343.51 crore to Rs 18,59,767.71 crore.

The market capitalisation (mcap) of HDFC Bank jumped Rs 17,580.42 crore to Rs 14,78,444.32 crore and that of Life Insurance Corporation of India (LIC) climbed Rs 15,559.49 crore to Rs 5,54,607.42 crore.

State Bank of India’s mcap rallied by Rs 4,246.09 crore to Rs 7,44,864.69 crore and that of Bharti Airtel edged higher by Rs 4,134.02 crore to Rs 10,81,347.25 crore.

Valuation Of TCS, Infosys Falls Down

However, the market valuation of Tata Consultancy Services (TCS) tanked by Rs 13,007.02 crore to Rs 11,02,955.89 crore.

The mcap of Infosys eroded by Rs 10,427.47 crore to Rs 6,00,036.47 crore and that of Hindustan Unilever declined by Rs 6,296.91 crore to Rs 6,18,694.37 crore.

Reliance Industries remained the most-valued firm followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Hindustan Unilever, Infosys, Bajaj Finance and LIC. 

(With Inputs From PTI)

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