Mcap of 7 of top 10 most valued companies rises by Rs 96,201 cr; Reliance, the biggest gainers from Bajaj Finance

The combined market valuation of seven of the top 10 most valued companies rose by Rs 96,200.95 crore last week, with Reliance Industries and Bajaj Finance stealing the show, coupled with a bullish trend in equities.Last week, the benchmark BSE rose 474.75 points or 0.55 percent. On Thursday, the Sensex hit an all-time high of 86,055.86.

Out of the top 10, Reliance Industries, HDFC Bank, ICICI Bank, State Bank of India, Infosys, Bajaj Finance and Hindustan Unilever were the gainers, while Bharti Airtel, Tata Consultancy Services (TCS) and Life Insurance Corporation of India (LIC) faced valuation erosion.Reliance Industries added Rs 28,282.86 crore, taking its market valuation to Rs 21,20,335.47 crore.

Bajaj Finance’s valuation rose to Rs 6,45,676.11 crore from Rs 20,347.52 crore.

HDFC Bank’s valuation rose by Rs 13,611.11 crore to Rs 15,48,743.67 crore, and that of ICICI Bank rose by Rs 13,599.62 crore to Rs 9,92,725.97 crore. Hindustan Unilever’s market capitalization (mcap) rose by Rs 7,671.41. crore to Rs 5,79,644.16 crore, and that of State Bank of India increased by Rs 6,415.28 crore to Rs 9,04,185.15 crore. Infosys’ valuation rose Rs 6,273.15 crore to Rs 6,47,961.98 crore.

However, Bharti Airtel’s mcap fell by Rs 35,239.01 crore to Rs 11,98,040.84 crore.

LIC’s mcap fell by Rs 4,996.75 crore to Rs 5,65,581.29 crore, and TCS’s fell by Rs 3,762.81 crore to Rs 11,35,952.85 crore.

In the ranking of top 10 companies, Reliance Industries led the pack, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever and LIC