M-cap of 4 of top 10 most valued firms tumbles over Rs 1 lakh cr
Among the four firms, the valuation of Tata Consultancy Services (TCS) tumbled the most by Rs 40,640.76 crore to stand at Rs 13,49,037.36 crore.
Stay updated with breaking news from Fm Cap. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Among the four firms, the valuation of Tata Consultancy Services (TCS) tumbled the most by Rs 40,640.76 crore to stand at Rs 13,49,037.36 crore.
From the top-10 list, the market capitalisation (m-cap) of HDFC Bank surged Rs 41,469.24 crore to reach Rs 8,35,324.84 crore, while RIL added Rs 39,073.7 crore to its m-cap to Rs 17,95,709.10 crore.
The combined m-cap of India's top-10 companies zoomed by Rs 2,71,184.67 crore during last week mirroring the bullish trend in the broader market.
The top-10 valued companies added a whopping Rs 2.72 lakh crore to their market valuation last week, as the domestic equity benchmarks witnessed heavy buying tracking an overall bullish trend in global equities. The benchmark indices made strong gains in the holiday-truncated week. The 30-share BSE Sensex climbed 2,313.63 points or 4.16 per cent, while the NSE Nifty advanced
While, Reliance Industries Ltd. (RIL), Infosys and Tata Consultancy Services (TCS) emerged as the biggest gainers, ICICI Bank was the only laggard on the list.