Dalal Street saw a strong rally on Friday and saw IT giants Tata Consultancy Services and Infosys emerging the biggest market capital gainers among the Top 10 firms in the country. Five other companies in the elite basket also saw their valuation surging last week.
Seven of these top 10 valued firms witnessed a hike of Rs 1,40,863.66 crore market cap as the benchmark Sensex rallied around 1 per cent.
The market capital of TCS, the second largest Indian company after Reliance Industries, soared by Rs 67,477.33 crore to reach Rs 15,97,946.44 crore while Infosys zoomed Rs 36,746.21 crore to Rs 7,72,023.49 crore.
Telecom major Bharti Airtel leaped Rs 11,727.55 crore to Rs 8,45,123.87 crore while ICICI Bank jumped by Rs 10,913.96 crore to report a valuation of Rs 8,36,115.19 crore.
Mukesh Ambani-owned Reliance Industries gained by Rs 5,311.4 crore as it returned beyond the 20 lakh crore mark once again to record a valuation of Rs 20,00,076.41 crore.
The two FMCG stocks also registered gains last week, with ITC rising by Rs 8,569.73 crore to Rs 6,28,399.10 crore and Hindustan Unilever increasing by Rs 117.48 crore to Rs 6,45,926.13 crore.
However, the Life Insurance Corporation of India, HDFC Bank and the State Bank of India saw their marker capital eroding in the previous week. LIC tumbled Rs 47,943.48 crore to Rs 6,69,058.26 crore, HDFC Bank slumped Rs 13,064 crore to Rs 12,43,441.53 crore and SBI dropped by Rs 10,486.42 crore to Rs 7,25,080.10 crore.
The most valued firm continues to be Reliance Industries. It is followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, LIC, Hindustan Unilever and ITC.