The Mcap of four of the top 10 most valuable companies surged by Rs 2.20 lakh cr. Dependency Biggest Winner
Last week, the BSE benchmark Sensex rose 249.29 points, or 0.32 per cent.
“Markets ended the week with modest gains, reflecting a volatile and range-bound trading environment amid a mix of global and domestic factors,” said Ajit Mishra, SVP, Research, Religare Broking Ltd.
He said the week started on a positive note, helped by easing geopolitical tensions and steady progress in fourth-quarter results.
He said the week started on a positive note, helped by easing geopolitical tensions and steady progress in fourth-quarter results.
However, gains were increasingly capped by rising crude oil prices, weak signals from Asian markets and continued foreign institutional investor (FII) outflows, Mishra added.
However, gains were increasingly capped by rising crude oil prices, weak signals from Asian markets and continued foreign institutional investor (FII) outflows, Mishra added.
While Reliance Industries, Bharti Airtel, Tata Consultancy Services (TCS) and Bajaj Finance gained in the group, HDFC Bank, State Bank of India, ICICI Bank, Larsen & Toubro, Hindustan Unilever and Life Insurance Corporation of India (LIC) faced an erosion of Rs 1.24 lakh crore in their valuation.
Reliance Industries added Rs 1,39,655.8 crore, taking its market valuation to Rs 19,36,303.30 crore.
The value of Bharti Airtel soared from Rs 43,503.51 crore to Rs 11,49,222.13 crore.
The market valuation of TCS rose to Rs 8,94,933.95 crore from Rs 27,569.83 crore and that of Bajaj Finance rose to Rs 5,83,123.13 crore from Rs 9,432.32 crore.
However, the market capitalization (mcap) of ICICI Bank declined from Rs 45,364.62 crore to Rs 9,04,980.78 crore.
The value of State Bank of India fell from Rs 30,922.57 crore to Rs 9,85,829.96 crore.
HDFC Bank’s cap decreased by Rs 20,951.31 crore to Rs 11,87,274.17 crore and Hindustan Unilever’s MCAP decreased by Rs 18,420.79 crore to Rs 5,28,799.01 crore.
The value of LIC fell by Rs 8,222.49 crore to Rs 5,04,798.07 crore and that of Larsen & Toubro fell by Rs 178.83 crore to Rs 5,51,993.05 crore.
Reliance Industries remains the most valuable domestic company followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, TCS, Bajaj Finance, Larsen & Toubro, Hindustan Unilever and LIC.
