Banking stocks like HDFC Bank, ICICI Bank, and the State Bank of India were the biggest gainers among the Top 10 companies last week.
ICICI Bank soared Rs 28,495.14 crore to record a market capital of Rs 8,90,191.38 crore while HDFC Bank surged Rs 23,579.11 crore to Rs 12,82,848.30 crore and SBI zoomed Rs 17,804.61 crore to report Rs 7,31,773.56 crore in valuation.
Telecom giant Bharti Airtel leaped Rs 11,272.45 crore, taking its market cap to Rs 9,71,707.61 crore. Four of these companies added a combined market valuation of Rs 81,151.31 crore last week.
However, Infosys, Reliance Industries, Hindustan Unilever, Tata Consultancy Services (TCS), Life Insurance Corporation of India (LIC) and ITC saw their market capital eroding by Rs 76,622.05 crore.
Infosys plummeted Rs 23,314.31 crore to Rs 7,80,126.10 crore while Reliance Industries dropped Rs 16,645.39 crore to Rs 18,38,721.14 crore and Hindustan Unilever plunged Rs 15,248.85 crore to Rs 6,38,066.75 crore.
TCS tumbled Rs 10,402.01 crore to Rs 14,91,321.40 crore, LIC dipped Rs 8,760.12 crore to Rs 5,91,418.91 crore and ITC slumped Rs 2,251.37 crore to Rs 6,08,682.29 crore.
Going by rank, Reliance Industries the most-valued company in the country. It is followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, ITC, and LIC.