Market

M-cap of eight of top-10 most valued firms jumps over Rs 1.52 trn

Eight of the top-10 most valued firms collectively added Rs 1,52,355.03 crore in market valuation final week, with HDFC Bank and State Bank of India rising as the most important gainers.

Last week, the BSE benchmark Sensex rallied 1,246.89 factors or 2.07 per cent. The benchmark went previous the 61,000-mark for the primary time ever on Thursday.

Markets have been closed on Friday for Dussehra.

Leading the gainers’ chart, HDFC Bank’s valuation jumped Rs 46,348.47 crore to Rs 9,33,559.01 crore. The market valuation of State Bank of India zoomed Rs 29,272.73 crore to Rs 4,37,752.20 crore. Reliance Industries Limited added Rs 18,384.38 crore to Rs 17,11,554.55 crore in its valuation.

The mcap of ICICI Bank rose by Rs 16,860.76 crore to succeed in Rs 5,04,249.13 crore and that of HDFC gained Rs 16,020.7 crore to Rs 5,07,861.84 crore.

Kotak Mahindra Bank’s valuation rose by Rs 15,944.02 crore to Rs 3,99,810.31 crore and that of Bajaj Finance jumped by Rs 7,526.82 crore to Rs 4,74,467.41 crore.

Hindustan Unilever added Rs 1,997.15 crore taking its market valuation to Rs 6,22,359.73 crore. In distinction, the valuation of Tata Consultancy Services eroded by Rs 1,19,849.27 crore to Rs 13,35,838.42 crore.

Shares of Tata Consultancy Services had on Monday tumbled over 6 per cent after the company’s September quarter earnings missed market expectations.

The valuation of Infosys tumbled Rs 3,414.71 crore to Rs 7,27,692.41 crore. In the rating of top-10 firms, Reliance Industries was main the chart, adopted by Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever, HDFC, ICICI Bank, Bajaj Finance, State Bank of India and Kotak Mahindra Bank.

(Only the headline and film of this report could have been reworked by the Business Standard employees; the remaining of the content material is auto-generated from a syndicated feed.)

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