Mcap of 8 of top-10 valued firms soars to Rs 1.10 lakh cr; RIL biggest gainer

Market valuation of eight of the 10 most valued firms jumped Rs 1,10,106.83 crore last week, with Reliance Industries Ltd (RIL) emerging as the biggest gainer. Last week, the 30-share BSE Sensex benchmark rose 716.16 points or 0.97 percent.

RIL, ICICI Bank, Life Insurance Corporation of India (LIC), ITC, and Hindustan Unilever Ltd (HUL) were among the gainers, while Tata Consultancy Services (TCS) and Infosys saw a combined erosion of Rs 38,477.49 crore in market valuation. Reliance Industries added Rs 43,976.96 crore to its market valuation at Rs 20,20,470.88 crore. On Friday, shares of the oil-to-telecom conglomerate hit a fresh 52-week high of Rs 2,996.15 apiece.

The valuation of ICICI Bank jumped Rs 27,012.47 crore to Rs 7,44,808.72 crore, and that of state-owned insurer LIC surged Rs 17,235.62 crore to Rs 6,74,655.88 crore. The market capitalisation (mcap) of ITC rallied Rs 8,548.19 crore to Rs 5,13,640.37 crore, and that of Hindustan Unilever Ltd zoomed Rs 4,534.71 crore to Rs 5,62,574.38 crore.

Public sector lender State Bank of India mcap climbed Rs 4,149.94 crore to Rs 6,77,735.03 crore. SBI surpassed IT company Infosys to become the country's fifth most-valued firm by market valuation on the BSE on Wednesday. The market valuation of Bharti Airtel rose by Rs 3,855.73 crore to Rs 6,34,196.63 crore and that of HDFC Bank to Rs 793.21 to Rs 10,79,286.5 crore.