Mcap of eight of top 10 rated companies rises by Rs 2.05 lakh crore; Bharti Airtel, big gainers from RIL

The combined market valuation of eight of the top 10 most valued companies rose by Rs 2,05,185.08 crore last week, with Bharti Airtel and Reliance Industries emerging as the biggest gainers.Last week, the BSE Sensex rose 1,346.5 points or 1.62 percent and the NSE Nifty rose 417.75 points or 1.64 percent. Markets staged a strong recovery during the week, finishing firmly in the green after the recent phase of weakness.

Bharti Airtel’s market capitalization rose by Rs 55,652.54 crore to Rs 11,96,700.84 crore.

The market valuation of Reliance Industries Ltd rose by Rs 54,941.84 crore to Rs 20,55,379.61 crore.

Tata Consultancy Services’ mcap rose by Rs 40,757.75 crore to Rs 11,23,416.17 crore and that of ICICI Bank rose by Rs 20,834.35 crore to Rs 9,80,374.43 crore.

The market valuation of State Bank of India rose by Rs 10,522.9 crore to Rs 8,92,923.79 crore, and that of Infosys rose by Rs 10,448.32 crore to Rs 6,24,198.80 crore. HDFC Bank added Rs 9,149.13 crore, taking its market capitalization to Rs. However, Bajaj Finance’s mcap fell by Rs 30,147.94 crore to Rs 6,33,573.38 crore and Life Insurance Corporation of India’s market valuation fell Rs 9,266.12 crore to Rs 5,75,100.42 crore.

Reliance Industries remained the most valued company, followed by HDFC Bank, Bharti Airtel, Tata Consultancy Services, ICICI Bank, State Bank of India, Bajaj Finance, Infosys, Life Insurance Corporation of India and Hindustan Unilever