Good news for Mukesh Ambani, Noel Tata, Reliance Industries earns Rs 466870000000, TCS gains Rs 361260000000, due to…

The combined market capitalisation of seven of the ten most valued Indian companies rose by Rs 1,55,710.74 crore in the holiday-shortened week, driven by a firm trend in domestic equities. Reliance Industries and Tata Consultancy Services (TCS) led the gains.

During the week, the BSE benchmark Sensex advanced 259.69 points, or 0.30 per cent, hitting a 52-week high of 85,290.06 on Thursday.

Among the top-10 firms, Reliance Industries, Bharti Airtel, TCS, State Bank of India, Bajaj Finance, Infosys, and Life Insurance Corporation of India (LIC) registered gains, while HDFC Bank, ICICI Bank, and Hindustan Unilever saw declines in their market worth.

Reliance Industries alone added Rs 46,687.03 crore to its valuation, taking its total market capitalisation to Rs 19,64,170.74 crore.

The market capitalisation (mcap) of TCS jumped by Rs 36,126.6 crore to Rs 11,08,021.21 crore.

Infosys, Bharti Airtel, Infosys MCAP Jumps

The valuation of Infosys surged by Rs 34,938.51 crore to Rs 6,33,712.38 crore, and that of State Bank of India climbed by Rs 13,892.07 crore to Rs 8,34,817.05 crore.

The mcap of Bajaj Finance edged higher by Rs 11,947.17 crore to Rs 6,77,846.36 crore, while that of Bharti Airtel rose by Rs 9,779.11 crore to Rs 11,57,014.19 crore.

LIC added Rs 2,340.25 crore, taking its market valuation to Rs 5,62,513.67 crore.

ICICI Bank, Hindustan Unilever MCAP Falls

However, the mcap of ICICI Bank eroded by Rs 43,744.59 crore to Rs 9,82,746.76 crore.

The valuation of Hindustan Unilever dived by Rs 20,523.68 crore to Rs 5,91,486.10 crore, and that of HDFC Bank declined by Rs 11,983.68 crore to Rs 15,28,227.10 crore.

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

(With Inputs From PTI)

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