Dalal street gains positive momentum with a jump of Rs 2 lakh crore; TCS, HDFC lead gainers

NEW DELHI: Last week, Dalal street gained a positive momentum as the overall market valuation of six of the top-10 most-valued companies soared by Rs 2,03,116.81 crore, with Tata Consultancy Services and HDFC Bank leading the gains. The BSE benchmark also rose by 1,906.33 points (2.38 per cent), while the NSE Nifty increased by 546.7 points (2.26 per cent).
The top gainers were Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, Infosys, and State Bank of India, while Bharti Airtel, Life Insurance Corporation of India (LIC), ITC, and Hindustan Unilever underperformed.
Reliance Industries’ valuation soared by Rs 26,185.14 crore to Rs 17,75,176.68 crore.
Tata Consultancy Services (TCS) saw its market valuation rise by Rs 62,574.82 crore, reaching Rs 16,08,782.61 crore. Infosys’ valuation also increased by Rs 26,885.8 crore, reaching Rs 7,98,560.13 crore.
HDFC Bank’s market capitalization grew by Rs 45,338.17 crore, bringing it to Rs 14,19,270.28 crore. State Bank of India’s market cap rose by Rs 22,311.55 crore to Rs 7,71,087.17 crore, and ICICI Bank’s market valuation surged by Rs 19,821.33 crore to Rs 9,37,545.57 crore.
Contrastingly, Bharti Airtel’s valuation depleted Rs 16,720.1 crore to Rs 9,10,005.80 crore.
The mcap of ITC declined Rs 7,256.27 crore to Rs 5,89,572.01 crore while Hindustan Unilever went lower by Rs 2,843.01 crore to Rs 5,83,673.71 crore.
The mcap of LIC dipped Rs 1,265 crore to Rs 6,21,937.02 crore.
Reliance Industries remained the most valuable firm, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, Infosys, State Bank of India, LIC, ITC, and Hindustan Unilever.