The combined market valuation of eight of the top-10 most valued firms climbed Rs 2.90 lakh crore last week, with Reliance Industries emerging as the lead gainer, amid optimism in equities. Last week, BSE benchmark Sensex jumped 1,384.96 points or 1.95 per cent. From the top-10 pack, Reliance Industries, Tata Consultancy Services, HDFC Bank, ICICI Bank, Infosys, LIC, State Bank of India, and Hindustan Unilever were the gainers, while Bharti Airtel and ITC faced erosion of their valuation. The combined market valuation of eight of the top-10 most valued firms stood at Rs 2,90,267.98 crore. The market capitalisation (mcap) of Reliance Industries jumped Rs 1,38,290.85 crore to reach Rs 19,72,028.45 crore. Shares of the company jumped 7.54 per cent last week. Tata Consultancy Services (TCS) added Rs 57,867.9 crore, taking its valuation to Rs 14,51,307.84 crore. The market valuation of State Bank of India climbed Rs 33,467.29 crore to Rs 5,80,456.76 crore and that of Life Insurance ..
The benchmark Sensex is currently down 7.54 points, or 4,658 points from its record high of 61,766 on October 18
Only Hindustan Unilever and Bajaj Finance saw losses in their market capitalisation for the trading week closed on Friday
From the top-10 list, only Hindustan Unilever Limited witnessed a decline in its market valuation
China, which was at number 5 in 2010, is now at number 2 with an m-cap of $10.9 trillion
The Mukesh Ambani-controlled conglomerate, however, remains miles ahead of TCS in other financial parameters such as total revenue, operating profit, net worth, assets, and m-cap.
HDFC Bank's valuation dropped Rs 23,435 crore to Rs 6,22,109.94 crore
India emerged as the best-performing major market globally in 2017