Five of the top-10 most valued firms together added Rs 67,843.33 crore in market valuation last week, with Hindustan Unilever Limited and Reliance Industries emerging as the biggest gainers.
It was the biggest contributor in the overall market rally, where the BSE Sensex settled at 54,647.33, higher by 1,223.24 points or 2.29 per cent
The market valuation of Reliance Industries jumped by Rs 74,329.95 crore to Rs 12,94,038.34 crore, the most among the top-10 companies
Currently, TCS is India's second most valuable firm after Reliance Industries (RIL) which has a market cap of nearly Rs 12.9 trillion (includes market cap of partly-paid up shares)
According to data RIL collates on its website, the company's number of employees in FY20 at a standalone level declined 9 per cent year-on-year
TCS is a distant second with market cap of $119 bn; Meanwhile, Mukesh Ambani cements his place as richest man in Asia, seventh-richest globally. His wealth surged by $24.4 bn this year to $83 billion
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In the past six trading sessions, shares of RIL have soared more than 16 per cent
This was following a sharp rally in fully- as well as partly-paid up shares of the firm
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Following stellar gains in its share price, RIL became the first Indian firm to achieve the milestone of crossing Rs 11 trillion market valuation mark on Friday
Last week, Reliance shares came under massive selling pressure amid a plunge in international oil prices
The m-cap of Reliance Industries Ltd (RIL) zoomed Rs 28,494.36 crore to Rs 8,57,303.03 crore
RIL became the second Indian company to scale the milestone after TCS.
RIL is the country's most valued firm followed by TCS