Market cap of four most valued firms jumps ₹2.18 lakh crore; LIC, SBI lead gainers
₹2.18 lakh crore in market valuation. Notably, Life Insurance Corporation (LIC) and State Bank of India (SBI) emerged as the primary gainers in this period. Among the top-10 entities, Reliance Industries, Tata Consultancy Services (TCS), LIC, and SBI experienced gains, collectively adding ₹2,18,598.29 crore to their market capitalization.
Conversely, HDFC Bank, ICICI Bank, Infosys, Bharti Airtel, Hindustan Unilever, and ITC faced a combined erosion in their valuation amounting to ₹1,06,631.39 crore. The BSE benchmark witnessed a decline of 490.14 points or 0.67 percent over the same week. LIC saw a notable surge in market valuation, jumping by ₹86,146.47 crore to reach ₹6,83,637.38 crore.
Meanwhile, SBI added ₹65,908.26 crore, bringing its valuation to ₹6,46,365.02 crore. TCS observed an increase of ₹61,435.47 crore, with its market valuation climbing to ₹15,12,743.31 crore. Reliance also saw growth, advancing by ₹5,108.09 crore to reach ₹19,77,136.54 crore.
Shares of TCS soared by 4 percent on Tuesday, surpassing the ₹15 lakh crore mark in market valuation. However, certain firms experienced declines in their market capitalization. HDFC Bank's valuation dipped by ₹32,963.94 crore to ₹10,65,808.71 crore, while ITC saw an erosion of ₹30,698.62 crore, reaching ₹5,18,632.02 crore.
Bharti Airtel's market capitalization fell by ₹16,132.15 crore to ₹6,31,044.50 crore, and Infosys witnessed a decline of ₹10,044.09 crore, reaching ₹6,92,980.35 crore. Furthermore, the valuation of ICICI Bank decreased by ₹9,779.06 crore to ₹7,09,254.77 crore, while Hindustan Unilever saw a dip of ₹7,013.53 crore, settling at ₹5,69,587.91 crore. In the ranking of the top-10 most valued firms, Reliance Industries maintained its top position,
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