Six Of 10 Most Valued Companies Add Rs 50,580 Crore In Market Cap; SBI, ICICI Bank Lead
An electronic board indicates the latest stock figures at the National Stock Exchange in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Six Of 10 Most Valued Companies Add Rs 50,580 Crore In Market Cap; SBI, ICICI Bank Lead

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Six of the 10 most valued domestic companies together added Rs 50,580.35 crore in market valuation last week, with banking majors State Bank of India and ICICI Bank Ltd. emerging as the lead gainers.

While Reliance Industries Ltd., HDFC Bank, HDFC and Kotak Mahindra Bank were the other winners, Tata TCS, HUL, Infosys and ITC suffered losses in their market capitalisation for the week ended Friday.

The market cap of State Bank of India zoomed Rs 15,841.19 crore to Rs 2,60,330.92 crore.

ICICI Bank's valuation jumped Rs 14,062.37 crore to Rs 2,66,874.13 crore.

The m-cap of Kotak Mahindra Bank climbed Rs 8,011.67 crore to Rs 2,83,330.41 crore and that of HDFC rallied Rs 7,695.41 crore to Rs 3,60,062.95 crore.

HDFC Bank's valuation rose by Rs 3,036.27 crore to Rs 6,17,170.55 crore and that of Reliance Industries Ltd. increased Rs 1,933.44 crore to stand at Rs 7,76,891.25 crore.

In contrast, the market cap of TCS dropped Rs 21,125.9 crore to Rs 8,03,516.90 crore.

ITC's valuation declined by Rs 4,914 crore to Rs 2,94,778.17 crore and that of Infosys fell by Rs 4,724.55 crore to Rs 3,56,123.44 crore.

The m-cap of Hindustan Unilever Limited went down by Rs 2,998.26 crore to Rs 3,90,705.28 crore.

In the ranking of top-10 firms, TCS led the chart followed by RIL, HDFC Bank, HUL, HDFC, Infosys, ITC, Kotak Mahindra Bank, ICICI Bank and SBI.

During last week, the Sensex advanced 403.22 points or 1.09 percent.

Also read: Weekly Wrap: ‘Value Buying’ In Beaten Down Stocks Drive Sensex, Nifty Higher 

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