cURL Error: 0 Market capitalisation of five of the top 10 most valued companies increased by Rs 85,582 crore; LIC gained the most - PratapDarpan

Market capitalisation of five of the top 10 most valued companies increased by Rs 85,582 crore; LIC gained the most

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Five of the top 10 most valued companies added a combined market valuation of Rs 85,582.21 crore last week, with Life Insurance Corporation of India (LIC) being the biggest gainer, in line with the positive trend in equities. Last week, the BSE benchmark Sensex rallied 299.41 points or 0.39 per cent. The 30-share index hit its all-time high of 77,145.46 on June 13.

Reliance Industries, HDFC Bank, Bharti Airtel, State Bank of India and LIC gained, while Tata Consultancy Services (TCS), ICICI Bank, Infosys, Hindustan Unilever and ITC declined in their market valuation. The market valuation of the five companies declined by a combined Rs 84,704.81 crore.

LIC’s valuation rose by Rs 46,425.48 crore to Rs 6,74,877.25 crore, the highest among the top 10 companies.

HDFC Bank’s market capitalisation (mcap) increased by Rs 18,639.61 crore to Rs 12,14,965.13 crore.

Reliance Industries added Rs 10,216.41 crore, taking its valuation to Rs 19,98,957.88 crore.

The market cap of State Bank of India increased by Rs 9,192.35 crore to Rs 7,49,845.89 crore and that of Bharti Airtel increased by Rs 1,108.36 crore to Rs 8,11,524.37 crore.

However, Hindustan Unilever’s valuation declined by Rs 22,885.02 crore to Rs 5,82,522.41 crore.

The market cap of TCS fell by Rs 22,052.24 crore to Rs 13,86,433.05 crore and that of Infosys fell by Rs 18,600.5 crore to Rs 6,18,030.37 crore.

ICICI Bank’s valuation fell by Rs 11,179.27 crore to Rs 7,77,795.90 crore and ITC’s valuation fell by Rs 9,987.78 crore to Rs 5,38,216.34 crore.

Among the top 10 companies, Reliance Industries was the most valuable company, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, LIC, Infosys, Hindustan Unilever and ITC.

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