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The combined market valuation of seven of the top 10 valued firms climbed Rs 1,50,679.28 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys emerging as the biggest gainers, amid an overall optimistic trend in equities.
Hindustan Unilever Limited was the only laggard from the top-10 pack. The list of winners had Reliance Industries Limited, TCS, HDFC Bank, ICICI Bank, Infosys, ITC, State Bank of India, Bharti Airtel and Bajaj Finance.
Barring Hindustan Unilever and Life Insurance Corporation of India (LIC), eight firms suffered erosion from their market capitalisation
TCS's global competitors Accenture and IBM have a market cap of $216 billion and $122 billion, whereas domestic rival Infosys is valued at $99 billion
Six of the top-10 most valued domestic firms together added Rs 1,13,018.94 crore in market valuation last week, with Tata Consultancy Services and Bharti Airtel emerging as the biggest gainers. Reliance Industries Ltd (RIL), Tata Consultancy Services (TCS), HDFC Bank, Infosys, ICICI Bank and Bharti Airtel were the gainers. On the other hand, Hindustan Unilever Ltd (HUL), HDFC, Kotak Mahindra Bank and Bajaj Finance took losses in their market valuation for the week. The valuation of TCS jumped by Rs 42,495.76 crore to Rs 12,13,371.12 crore. Bharti Airtel''s market capitalisation (m-cap) cli...