Mcap of six of top 10 rated companies rises by Rs 63,000 cr; L&T, SBI biggest gainers

The combined market valuation of six of the top 10 most valued companies rose by Rs 63,478.46 crore last week, led by Larsen & Toubro and State Bank of India, which emerged as the biggest gainers.The 30-share BSE Sensex rose 187.95 points, or 0.22 percent, in the past week.

Larsen & Toubro, State Bank of India (SBI), HDFC Bank, Life Insurance Corporation of India (LIC), Bajaj Finance and Reliance Industries were the gainers, while Bharti Airtel, ICICI Bank, Infosys and Tata Consultancy Services saw their valuations erode.Larsen & Toubro’s market valuation rose by Rs 28,523.31 crore to Rs 6,02,552.24 crore. SBI added Rs 16,015.12 crore to Rs 11,22,581.56 crore.

HDFC Bank’s valuation rose by Rs 9,617.56 crore to Rs 14,03,239.48 crore, and LIC’s rose by Rs 5,977.12 crore to Rs 5,52,203.92 crore.

The market capitalization (mcap) of Bajaj Finance rose by Rs 3,142.36 crore to Rs 6,40,387 crore, and that of Reliance Industries rose by Rs 202.99 crore to Rs 19,21,678.78 crore.

However, Bharti Airtel’s mcap fell by Rs 15,338.66 crore to Rs 11,27,705.37 crore. ICICI Bank’s valuation fell by Rs 14,632.10 crore to Rs 9,97,346.67 crore.

Infosys’ mcap fell by Rs 6,791.58 crore to Rs 5,48,496.14 crore and that of Tata Consultancy Services (TCS) fell by Rs 1,989.95 crore to Rs 9,72,053.48 crore.

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