Mcap of 3 of 10 most valued companies rises by Rs 75,855 cr; SBI, the biggest gainers from Infosys

The combined market valuation of three of the top 10 most valued companies rose by Rs 75,855.43 crore last week during a holiday shortening, with State Bank of India and Infosys emerging as the biggest gainers, in an otherwise sluggish trend in equities.Last week, the BSE benchmark Sensex fell by 5.89 points and the NSE Nifty by 11.05 points.

While ICICI Bank, State Bank of India and Infosys were the gainers, Reliance Industries, HDFC Bank, Tata Consultancy Services (TCS), Bharti Airtel, Bajaj Finance, Hindustan Unilever and Larsen & Toubro faced a combined erosion of Rs 75,549.89 crore from their valuation.The combined erosion of these seven companies was less than the total m-cap addition of Rs 75,855.43 crore of the three companies: ICICI Bank, State Bank of India and Infosys.

SBI’s market valuation rose by Rs 39,045.51 crore to Rs 9,62,107.27 crore, becoming the biggest gainer.

Infosys’ market capitalization (mcap) rose Rs 31,014.59 crore to Rs 7,01,889.59 crore.

ICICI Bank added Rs 5,795.33 crore, taking its valuation to Rs 10,09,470.28 crore. However, Reliance Industries’ mcap plunged Rs 23,952.48 crore to Rs 19,72,493.21 crore.

Larsen & Toubro’s market valuation fell by Rs 23,501.8 crore to Rs 5,30,410.23 crore.

HDFC Bank’s valuation fell by Rs 11,615.35 crore to Rs 14,32,534.91 crore and that of Bharti Airtel fell Rs 6,443.38 crore to Rs 11,49,544.43 crore.

Bajaj Finance’s mcap fell by Rs 6,253.59 crore to Rs 5,91,447.16 crore and Hindustan Unilever’s fell by Rs 3,312.93 crore to Rs 5,54,421.30 crore.

TCS’s valuation fell by Rs 470.36 crore to Rs 11,60,212.12 crore.

Reliance Industries remained the most valued domestic company, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever and Larsen & Toubro.