Mcap of seven of the ten most valued companies increases by Rs 65,302 crore; the largest gainers are TCS and ICICI Bank

Last week, the aggregate market value of seven of the top ten most valuable companies increased by Rs 65,302.5 crore, with Tata Consultancy Services and ICICI Bank seeing the largest increases.

The Nifty gained 165.7 points, or 0.74 percent, while the BSE benchmark Sensex increased 663.35 points, or 0.90 percent, last week.

Leading stock exchanges BSE and NSE held a special trading session on Saturday in the equities and equity derivatives divisions to assess their readiness to manage a significant outage or interruption at the main site.

Reliance Industries, Infosys, and Life Insurance Corporation of India (LICI) saw a decline in their market capitalization (map), whereas TCS, HDFC Bank, ICICI Bank, State Bank of India, Bharti Airtel, Hindustan Unilever, and ITC emerged victorious from the top ten groups.

TCS’s market value increased to Rs 14,85,912.36 crore from Rs 19,881.39 crore.

Its value increased to Rs 7,60,481.54 crore after ICICI Bank injected Rs 15,672.82 crore.

State Bank of India’s market value increased by Rs 12,182.1 crore to Rs 6,89,917.13 crore, while HDFC Bank’s valuation increased by Rs 7,178.03 crore to Rs 10,86,464.53 crore.

Hindustan Unilever’s market capitalization increased by Rs 5,051.63 crore to Rs 5,67,626.01 crore, while Bharti Airtel’s increased by Rs 4,525.14 crore to Rs 6,38,721.77 crore.

ITC was valued at Rs 5,14,451.76 crore, a rise of Rs 811.39 crore. But LIC’s market capitalization shrank to Rs 6,54,763.76 crore from Rs 19,892.12 crore.

Reliance Industries’ market value dropped by Rs 3,720.44 crore to Rs 20,16,750.44 crore, while Infosys’ fell by Rs 9,048.17 crore to Rs 6,86,997.15 crore.

Reliance Industries remained at the top of the list of the most valuable corporations, followed by TCS, HDFC Bank, ICICI Bank, State Bank of India, Infosys, LIC, Bharti Airtel, Hindustan Unilever, and ITC.