Business Economy


Market valuation of 5 of top 10 firms surges by over Rs 72,000 cr

New Delhi, Dec 7 (UNI) The market valuation of five of the top-10 most valued firms surged by Rs 72,284.74 crore last week, as per the data with the depositories. Tata Consultancy Services (TCS) and Infosys emerged as the biggest winners.
Bharti Airtel, TCS, ICICI Bank, Infosys and Bajaj Finance were the gainers, while on the other side, Reliance Industries, HDFC Bank, State Bank of India, Larsen & Toubro and Life Insurance Corporation of India (LIC) faced erosion.
In a rank-wise analysis, Reliance Industries remained the most-valued domestic firm. It was followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Larsen & Toubro and LIC.
TCS added Rs 35,909.52 crore, taking its market valuation to Rs 11,71,862.37 crore while Infosys jumped Rs 23,404.55 crore to Rs 6,71,366.53 crore.
The valuation of State Bank of India declined by Rs 7,522.96 crore to Rs 8,96,662.19 crore and that of HDFC Bank slid Rs 5,724.03 crore to Rs 15,43,019.64 crore.
The valuation of Bajaj Finance climbed Rs 6,720.28 crore to Rs 6,52,396.39 crore and ICICI Bank went up Rs 2,458.49 crore to Rs 9,95,184.46 crore.
Further, the mcap of LIC dropped by Rs 15,559.49 crore to Rs 5,50,021.80 crore.
The market valuation of Reliance Industries tumbled Rs 35,116.76 crore to Rs 20,85,218.71 crore while Bharti Airtel edged higher by Rs 3,791.9 crore to Rs 12,01,832.74 crore.
The mcap of Larsen & Toubro dipped by Rs 4,185.39 crore to Rs 5,55,459.56 crore.
On Friday, the stock market inched 0.6 per cent higher led by response of financials as the Reserve Bank of India lowered the key interest rate by 25 basis points.
At close, Sensex ended the day with a healthy gain of 447 points, or 0.52 per cent, at 85,712.37, while the Nifty 50 settled at 26,186.45, up 153 points, or 0.59 per cent.
UNI VK SAS RKM
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