Eight of the 10 most valued Indian firms together added Rs 1.69 lakh crore (Rs 1.69 trillion) in market capitalisation last week, led by Tata Consultancy Services (TCS) and SBI.
A strong broader market drove the market capitalisation (m-cap) of the eight blue-chip firms, including ICICI Bank, HDFC and RIL, higher by Rs 1,69,865.11 crore (Rs 1698.65 billion) for the week ended Friday. Last week, the Sensex surged 1,662.34 points or 5 per cent to close at 35,011.65.
TCS, the most valued Indian firm, witnessed its market valuation soar by Rs 41,351.28 crore (Rs 413.51 billion) to Rs 7,16,630.43 crore (Rs 7166.30