The combined market valuation of seven of the top-10 most-valued firms jumped ₹1,06,250.95 crore last week as the Indian equity benchmarks continued to register gains after the GST overhaul infused optimism in investors.
Bajaj Finance and Reliance Industries emerged as the biggest gainers, while while TCS, Infosys and Hindustan Unilever face erosion from their market valuation.
Last week, the BSE benchmark jumped 901.11 points, or 1.12 per cent, and the Nifty climbed 314.15 points, or 1.28 per cent.
From the top-10 pack, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Bajaj Finance and LIC were the gainers, while TCS, Infosys and Hindustan Unilever face erosion from their market valuation last week.
Also Read: Reliance, HDFC biggest laggards in mcap erosion of ₹2.24 lakh-cr
The valuation of Bajaj Finance surged ₹37,960.96 crore to ₹5,83,451.27 crore, and that of Reliance Industries jumped ₹23,343.51 crore to ₹18,59,767.71 crore.
The market capitalisation (mcap) of HDFC Bank jumped ₹17,580.42 crore to ₹14,78,444.32 crore and that of Life Insurance Corporation of India (LIC) climbed ₹15,559.49 crore to ₹5,54,607.42 crore.
State Bank of India's mcap rallied by ₹4,246.09 crore to ₹7,44,864.69 crore and that of Bharti Airtel edged higher by ₹4,134.02 crore to ₹10,81,347.25 crore.
ICICI Bank's valuation went up by ₹3,426.46 crore to ₹10,01,717.42 crore.
However, the market valuation of Tata Consultancy Services (TCS) tanked by ₹13,007.02 crore to ₹11,02,955.89 crore.
The mcap of Infosys also eroded by ₹10,427.47 crore to ₹6,00,036.47 crore and that of Hindustan Unilever declined by ₹6,296.91 crore to ₹6,18,694.37 crore.
Reliance Industries remained the most-valued firm followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Hindustan Unilever, Infosys, Bajaj Finance and LIC.
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