Mcap of 9 top valued firms surges by ₹2.34 trn, Reliance biggest gainer
From the top-10 pack, Infosys emerged as the only laggard, facing erosion from its valuation
 "Mcap of 9 top valued firms surges by ₹2.34 trn, Reliance biggest gainer")
Nine of the top-10 most valued firms together added ₹2,34,565.53 crore in market valuation last week, with Reliance Industries emerging as the biggest gainer, in-line with a buoyant trend in equities.
Last week, the BSE benchmark surged 1,650.73 points or 2 per cent.
From the top-10 pack, Infosys emerged as the only laggard, facing erosion from its valuation.
The market valuation of Reliance Industries jumped by ₹69,556.91 crore to ₹20,51,590.51 crore, the most among the top-10 firms.
Bharti Airtel's valuation surged by ₹51,860.65 crore to ₹11,56,329.94 crore and that of HDFC Bank rallied by ₹37,342.73 crore to ₹15,44,624.52 crore.
The market capitalisation (mcap) of Bajaj Finance zoomed ₹26,037.88 crore to ₹5,88,213.55 crore and that of ICICI Bank edged higher by ₹24,649.73 crore to ₹10,43,037.49 crore.
The valuation of Life Insurance Corporation of India (LIC) climbed ₹13,250.87 crore to ₹6,05,523.65 crore and that of State Bank of India went up by ₹8,389.15 crore to ₹7,18,788.90 crore.
The mcap of Tata Consultancy Services (TCS) gained ₹3,183.91 crore to ₹12,45,761.80 crore and that of Hindustan Unilever climbed ₹293.7 crore to ₹5,41,850.99 crore.
In contrast, the mcap of Infosys declined by ₹5,494.8 crore to ₹6,68,256.29 crore.
In the ranking of top-10 firms, Reliance Industries retained the number one place followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, Bajaj Finance and Hindustan Unilever Ltd.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)