Mcap of top 7 firms climbs Rs 74,573 crore; HDFC Bank biggest gainer

The combined market valuation of seven of the top-10 most valued firms climbed Rs 74,573.63 crore in a holiday-shortened last week, with HDFC Bank emerging as the biggest gainer in line with a positive trend in equities.

Last week, the BSE benchmark climbed 780.71 points or 0.97 per cent, and the Nifty went up by 239.55 points or 0.97 per cent.

While HDFC Bank, Tata Consultancy Services (TCS), ICICI Bank, State Bank of India, Bajaj Finance, Hindustan Unilever and Life Insurance Corporation of India (LIC) were among the gainers, Reliance Industries, Bharti Airtel, and Infosys faced erosion from their valuation.

HDFC Bank added Rs 30,106.28 crore, taking its market valuation to Rs 14,81,889.57 crore.

The market capitalisation (mcap) of LIC jumped Rs 20,587.87 crore to Rs 5,72,507.17 crore.

The valuation of State Bank of India surged Rs 9,276.77 crore to Rs 8,00,340.70 crore, and that of Hindustan Unilever climbed Rs 7,859.38 crore to Rs 5,97,806.50 crore.

The mcap of ICICI Bank edged higher by Rs 3,108.17 crore to Rs 9,75,115.85 crore, and that of Bajaj Finance went up by Rs 2,893.45 crore to Rs 6,15,808.18 crore.

The market valuation of TCS rallied by Rs 741.71 crore to Rs 10,50,023.27 crore.

However, Reliance Industries faced an erosion of Rs 19,351.44 crore from its valuation, which stood at Rs 18,45,084.98 crore.

The mcap of Bharti Airtel declined by Rs 12,031.45 crore to Rs 10,80,891.08 crore, and that of Infosys dipped by Rs 850.32 crore to Rs 6,00,954.93 crore.

Reliance Industries remained the most valued domestic firm, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Bajaj Finance, Infosys, Hindustan Unilever and LIC.