10 Most-Valued Firms Gain Rs 11,532 Crore In Market Cap, Led By ICICI Bank
State Bank of India saw the steepest decline of Rs 11,423 crore, reducing its market cap to Rs 7.13 lakh crore.
The top 10 most-valued firms gained a cumulative Rs 11,532 crore in market valuation on Friday, with ICICI Bank Ltd. and Reliance Industries Ltd. emerging as the biggest gainers.
ICICI Bank witnessed a sharp rise among the top 10 most-valued firms, with a gain of Rs 7,186 crore, bringing its market capitalisation up to Rs 9.21 lakh crore. RIL saw an addition of Rs 6,089 crore in its market cap, which now stands at Rs 16.5 lakh crore.
HDFC Bank Ltd. and Infosys Ltd. added Rs 5,721 crore and Rs 3,882 crore respectively. ITC Ltd.'s market capitalisation rose Rs 2,063 crore to Rs 5.98 lakh crore, while Hindustan Unilever Ltd. saw an increase of Rs 657 crore, bringing its market cap to Rs 5.5 lakh crore.
Tata Consultancy Services Ltd. recorded a decline of Rs 1,537 crore, taking its market cap to Rs 15.1 lakh crore. HCL Technologies Ltd. experienced a reduction of Rs 2,646 crore, bringing its market cap to Rs 5.13 lakh crore, while State Bank of India saw the steepest decline of Rs 11,423 crore, reducing its market cap to Rs 7.13 lakh crore.
RIL retained its position as the most-valued firm, followed by TCS, HDFC Bank, Bharti Airtel Ltd., ICICI Bank, Infosys, SBI, HUL, ITC, and HCLTech.
The NSE Nifty 50 and BSE Sensex ended Friday's session higher as Mahindra & Mahindra Ltd. and ICICI Bank Ltd. share prices lead. The Nifty 50 ended with gains for second day in a row. The benchmark indices recouped weekly losses.
The Nifty 50 ended 63.20 points or 0.27% higher at 23,813.40, and the Sensex ended 226.59 points or 0.29% higher at 78,699.07.
The benchmark indices pared most gains as the session advanced. A sharp decline in the Indian currency also weighed on the investors' sentiment.
