Mcap of five of 10 most valued companies rises by Rs 72,285 cr; TCS, the biggest gainers from Infosys

The combined market valuation of five of the top 10 most valued companies rose by Rs 72,284.74 crore last week, with Tata Consultancy Services (TCS) and Infosys emerging as the biggest gainers.While Bharti Airtel, TCS, ICICI Bank, Infosys and Bajaj Finance were the gainers, Reliance Industries, HDFC Bank, State Bank of India, Larsen & Toubro and Life Insurance Corporation of India (LIC) faced valuation erosion.

Last week, the benchmark BSE posted a marginal gain of 5.7 points, while the NSE Nifty fell 16.5 points.TCS added Rs 35,909.52 crore, taking its market valuation to Rs 11,71,862.37 crore.

Infosys’ market capitalization (mcap) rose Rs 23,404.55 crore to Rs 6,71,366.53 crore.

Bajaj Finance’s valuation rose by Rs 6,720.28 crore to Rs 6,52,396.39 crore and that of Bharti Airtel rose by Rs 3,791.9 crore to Rs 12,01,832.74 crore.

ICICI Bank’s mcap rose by Rs 2,458.49 crore to Rs 9,95,184.46 crore. However, Reliance Industries’ market valuation fell by Rs 35,116.76 crore to Rs 20,85,218.71 crore.

LIC’s mcap fell by Rs 15,559.49 crore to Rs 5,50,021.80 crore.

State Bank of India’s valuation fell by Rs 7,522.96 crore to Rs 8,96,662.19 crore and that of HDFC Bank fell by Rs 5,724.03 crore to Rs 15,43,019.64 crore.

Larsen & Toubro’s mcap fell by Rs 4,185.39 crore to Rs 5,55,459.56 crore.

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