New Delhi: The combined market valuation of four of the top-10 most valued firms jumped Rs 1,01,369.5 crore last week, with LIC emerging as the biggest gainer, in an otherwise sluggish trend in equities.
While HDFC Bank, Bharti Airtel, State Bank of India and LIC were the gainers in terms of addition to their market valuation, Reliance Industries (RIL), TCS, ICICI Bank, Infosys, Bajaj Finance and Hindustan Unilever Ltd faced a combined erosion of Rs 34,852.35 crore on the other hand.
The market valuation of LIC surged Rs 59,233.61 crore to Rs 6,03,120.16 crore, the most among the top-10 firms.
SBI added Rs 19,589.54 crore to Rs 7,25,036.13 crore in its valuation.
The market capitalisation (mcap) of Bharti Airtel jumped Rs 14,084.2 crore to Rs 10,58,766.92 crore and that of HDFC Bank climbed Rs 8,462.15 crore to Rs 14,89,185.62 crore.
However, the mcap of TCS tumbled Rs 17,909.53 crore to Rs 12,53,486.42 crore. The valuation of RIL tanked Rs 7,645.85 crore to Rs 19,22,693.71 crore.
The mcap of Bajaj Finance dropped by Rs 4,061.05 crore to Rs 5,70,146.49 crore and that of ICICI Bank declined by Rs 2,605.81 crore to Rs 10,31,262.20 crore.
The valuation of Hindustan Unilever Ltd diminished by Rs 1,973.66 crore to Rs 5,52,001.22 crore and that of Infosys dived Rs 656.45 crore to Rs 6,49,220.46 crore.