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Wednesday, Jul 06, 2022
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TCS, HDFC Bank, Infosys Add Rs 1.29 Lakh Crore In Market Valuation Last Week

The market valuation of Tata Consultancy Services jumped Rs 71,761.59 crore to reach Rs 13,46,325.23 crore. Infosys added Rs 18,693.62 crore taking its valuation to Rs 7,29,618.96 crore.

TCS, HDFC Bank, Infosys  Add Rs 1.29 Lakh Crore In Market Valuation Last Week
TCS, HDFC Bank, Infosys Add Rs 1.29 Lakh Crore In Market Valuation Last Week
outlookindia.com
2021-12-05T10:17:24+05:30

Seven of the top 10 valued companies together added Rs 1,29,047.61 crore in market valuation last week, with Tata Consultancy Services emerging as the biggest gainer.

During the last week, the BSE benchmark gained 589.31 points or 1.03 per cent.

While Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever Limited, HDFC, Bajaj Finance and State Bank of India were the gainers, Reliance Industries Limited, ICICI Bank and Bharti Airtel were the three laggards from the top-10 list.

The market valuation of Tata Consultancy Services jumped Rs 71,761.59 crore to reach Rs 13,46,325.23 crore. Infosys added Rs 18,693.62 crore taking its valuation to Rs 7,29,618.96 crore.

The market valuation of Bajaj Finance zoomed Rs 16,082.77 crore to Rs 4,26,753.27 crore and that of HDFC Bank by Rs 12,744.21 crore to Rs 8,38,402.80 crore.

The market capitalization (Mcap) of HDFC climbed Rs 5,393.86 crore to reach Rs 5,01,562.84 crore and that of State Bank of India by Rs 2,409.65 crore to Rs 4,22,312.62 crore.

Hindustan Unilever Limited added Rs 1,961.91 crore taking its valuation to Rs 5,50,532.73 crore.

In contrast, Bharti Airtel's valuation tumbled Rs 10,489.77 crore to Rs 3,94,519.78 crore. The valuation of ICICI Bank dipped Rs 3,686.55 crore to Rs 4,97,353.36 crore and that of Reliance Industries declined by Rs 2,537.34 crore to Rs 15,27,572.17 crore.

Reliance Industries Limited retained the coveted title of the most valued firm, followed by Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever Limited, HDFC, ICICI Bank, Bajaj Finance, State Bank of India and Bharti Airtel.

Meanwhile, the stellar run on Wednesday and Thursday helped the market close with a percent gain amid volatility in the week ended December 3, as investors and traders kept a close watch on the new Covid variant Omicron that created a lot of uncertainty globally.

The fall in oil prices, good GDP growth in Q2FY22, and the further uptrend in Manufacturing PMI also supported the equity, though rising expectations for faster Fed tapering limited upside.

(With PTI Inputs)

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