Market Cap Of Five Top Valued Firms Climb Rs 88,605 Crore; SBI, ICICI Bank Lead

The market valuation of five of the top 10 valued firms together added Rs 88,604.99 crore last week, with State Bank of India Ltd. and ICICI Bank Ltd. as the biggest gainers.

While HDFC Bank Ltd., ICICI Bank, State Bank of India, HDFC Ltd. and Bharti Airtel Ltd. witnessed gains in their market valuation, Reliance Industries Ltd., Tata Consultancy Services Ltd., Infosys Ltd., Hindustan Unilever Ltd. and ITC Ltd. were the laggards.

Last week, the BSE benchmark climbed 345.04 points or 0.58%.

The valuation of State Bank of India jumped Rs 35,832.32 crore to Rs 5,00,759.98 crore, the most among the top-10 firms. Meanwhile, the market capitalisation of ICICI Bank rallied Rs 20,360.13 crore to Rs 6,06,514.71 crore.

HDFC Bank's valuation climbed Rs 15,236.59 crore to Rs 9,01,307.58 crore and that of HDFC advanced Rs 13,051.48 crore to Rs 4,84,417.42 crore.

The market capitalisation of Bharti Airtel rose by Rs 4,124.47 crore to Rs 4,26,158.52 crore.

However, the market valuation of Infosys plunged Rs 30,150.9 crore to Rs 6,22,711.80 crore and that of Tata Consultancy Services tumbled Rs 20,966.36 crore to Rs 12,23,129.40 crore.

The market capitalisation of Hindustan Unilever fell by Rs 3,336.42 crore to Rs 5,80,360.79 crore and that of Reliance Industries dipped Rs 507.03 crore to Rs 16,13,602.63 crore.

ITC's valuation went lower by Rs 24.72 crore to Rs 4,77,886.13 crore.

In the top-10 ranking, Reliance Industries retained the tag of the most-valued firm followed by TCS, HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever, State Bank of India, HDFC, ITC and Bharti Airtel.