Mcap of five of 10 most valued firms climbs Rs 60,675.94 cr; SBI, HDFC Bank biggest winners
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The combined market valuation of five of the top-10 most valued firms increased by Rs 60,675.94 crore last week, with State Bank of India and HDFC Bank emerging as the lead gainers in line with a positive trend in equities. In a holiday-shortened last week, Sensex climbed 739.87 points or 0.92 per cent, and the Nifty edged higher by 268 points or 1.10 per cent. From the top-10 pack, Reliance Industries, HDFC Bank, Bharti Airtel, State Bank of India and Infosys saw an addition in their valuation, while Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever Ltd, Life Insurance Corporation of India (LIC) and Bajaj Finance faced erosion from their market capitalisation (mcap). The valuation of State Bank of India jumped Rs 20,445.82 crore to Rs 7,63,095.16 crore, the most among the top-10 firms. The mcap of HDFC Bank surged Rs 14,083.51 crore to Rs 15,28,387.09 crore. Live Events Infosys added Rs 9,887.17 crore, taking its valuation ...