7 of top-10 firms add ~77,000 cr in m-cap

The combined market capitalisation of seven of the 10 most valued Indian firms advanced by ~76,998.4 crore last week, with TCS leading the chart.

Reliance Industries Limited (RIL), HUL, HDFC, ITC, ICICI Bank and SBI were the other firms which witnessed a jump in their market valuation for the week ended Friday, while HDFC Bank, Kotak Mahindra Bank and Infosys suffered losses.

The valuation of Tata Consultancy Services (TCS) zoomed ~25,403.64 crore to ~7,97,400.51 crore.

ICICI Bank's market capitalisation (m-cap) rallied ~20,271.2 crore to ~3,03,054.59 crore and that of SBI advanced ~10,664.91 to reach ~2,51,317.06 crore.

Likewise, the m-cap of RIL appreciated by ~9,762.29 crore to ~9,06,941.76 crore.

The valuation of Hindustan Unilever Limited (HUL) jumped ~ 7,934.03 crore to ~4,63,886.75 crore and that of ITC went up by ~1,658.68 crore to ~3,04,520.66 crore. HDFC'S valuation rose by ~1,303.65 crore to ~3,63,105.62 crore.

In contrast, the m-cap of Infosys plunged ~55,921.5 crore to ~2,73,830.43 crore. Shares of the IT major had plummeted nearly 17 per cent on Tuesday following a whistleblower complaint regarding alleged malpractices by the top management.

Kotak Mahindra Bank's valuation dropped ~5,262.13 crore to ~3,03,293.39 crore and that of HDFC Bank dipped ~273.54 crore to ~6,72,192.76 crore.

In the ranking of top-10 firms, RIL remained at the number one position, followed by TCS, HDFC Bank, HUL, HDFC, ITC, Kotak Mahindra Bank, ICICI Bank, Infosys and SBI.

During the last holidayshortened week, the BSE Sensex lost 240.32 points or 0.61 per cent.

The valuation of TCS zoomed ~25,403 cr to ~7,97,400 cr