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Eight of top-10 firms add Rs 1.76 lakh crore in m-cap; RIL leads rally

RIL was the star performer in the top-10 list, as its market valuation zoomed Rs 1,08,213.62 crore to Rs 11,15,418.03 crore during the week.

June 22, 2020 / 03:06 PM IST

Eight of the 10 most valued Indian companies together added Rs 1,76,489.28 crore in market capitalisation last week, with Reliance Industries accounting for the lion's share of the gains. The BSE Sensex rallied 950.85 points or 2.81 percent last week.

Reliance Industries Ltd (RIL) was the star performer in the top-10 list, as its market valuation zoomed Rs 1,08,213.62 crore to Rs 11,15,418.03 crore during the week.

It became the first Indian company to cross the Rs 11 lakh crore market valuation mark on June 19 after Mukesh Ambani announced that his oil-to-telecom conglomerate had become net debt-free.

The other major gainer was HDFC Bank, whose valuation jumped Rs 27,788.22 crore to reach Rs 5,67,093.60 crore.