Out of Top 10 firms by market valuation, Tata Consultancy Services (TCS), Life Insurance Corporation (LIC) of India and Infosys were the biggest gainers last week. The holiday-shortened week saw Sensex breaching the 81,000 mark while Nifty inched closer towards the psychological milestone of 25,000.
TCS, the second most valued firm in the country after Reliance Industries, soared by Rs 42,639.16 crore to Rs 15,56,772.61 crore. Infosys, another IT giant in the Top 10, leaped by Rs 33,569.16 crore to record a market cap of Rs 7,44,396.43 crore.
PSUs also were among top performers in the list. LIC saw its valuation surging by Rs 36,748.23 crore to Rs 7,01,695.24 crore. The State Bank of India, the country's largest public lender, rallied Rs 26,372.23 crore, bringing its market cap to Rs 7,93,576.49 crore, as of July 19.
FMCG stocks like Hindustan Unilever and ITC also added to their market valuation. Hindustan Unilever jumped Rs 24,494.49 crore, helping it record an mcap of Rs 6,40,651.30 crore. The valuation of tobacco-to-hotel conglomerate ITC climbed Rs 19,420.52 crore to Rs 5,92,679.30 crore.
Telecom major Bharti Airtel, which increased its tariff earlier this month, saw its market capital going up by Rs 16,223.03 crore to Rs 8,31,928.39 crore last week. ICICI Bank, the second largest private lender after HDFC Bank, zoomed Rs 10,863.44 crore, making its total valuation Rs 8,78,531.60 crore.
The combined valuation of these eight companies increased by Rs 2,10,330.26 crore last week.
Reliance, HDFC Bank lose sheen
Reliance Industries, a conglomerate leading in old, telecom and retail sectors, witnessed its market capital eroding by Rs 56,799.01 crore to Rs 21,03,829.74 crore. India's largest lender, HDFC Bank, plunged by Rs 13,124.01 crore to reach a valuation of Rs 12,22,701.34 crore.
Going by market capital, Mukesh Ambani's Reliance Industries continues to be the most valued company. It was followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, LIC, Hindustan Unilever and ITC.
