HDFC Bank, ICICI Bank lead gains
NEW DELHI: In a week, the market valuation of eight of the top 10 most valued firms surged by ₹4,13,003.23 crore, with HDFC Bank and ICICI Bank emerging as the biggest gainers.
HDFC Bank added ₹91,282.67 crore, taking its market valuation to ₹12,47,478.57 crore, while ICICI Bank’s valuation jumped by ₹76,036.36 crore to ₹9,46,741.85 crore.
The key gainers from the pack were HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro, and Hindustan Unilever, while Reliance Industries and Infosys faced erosion.
The market capitalisation (mcap) of Larsen & Toubro zoomed by ₹47,624.97 crore to ₹5,44,736.59 crore, and that of Bharti Airtel climbed ₹45,873.43 crore to ₹10,66,293.69 crore.
Bajaj Finance surged by ₹60,980.35 crore to ₹5,75,206.47 crore.
State Bank of India’s mcap soared by ₹43,614.67 crore to ₹9,84,629.98 crore, while TCS edged higher by ₹26,303.49 crore to ₹9,13,331.92 crore. In contrast, Infosys’mcap declined by ₹3,285.03 crore to ₹5,24,124.40 crore.
The market valuation of Hindustan Unilever rallied by ₹21,287.29 crore to ₹5,06,477.89 crore, while Reliance Industries’ valuation diminished by ₹947.28 crore to ₹18,27,086.79 crore.
During the week, the BSE benchmark Sensex jumped 4,230.7 points, or 5.77 per cent, and the NSE Nifty surged 1,337.5 points, or 5.88 per cent.
The Indian stock market rebounded strongly on Friday, supported by positive global cues. At close, the Sensex was up 918.60 points, or 1.20 per
Agencies