Finance
The combined valuation of five of the top ten most valuable companies increased by Rs 84,559.01 crore during a holiday-shortened past week, with Hindustan Unilever emerging as the biggest winner. Last week, the BSE benchmark Sensex fell 207.43 points, or 0.27 percent. The NSE Nifty fell 75.9 points, or 0.33 percent.
The Indian stock markets were closed on Thursday to commemorate Shri Mahavir Jayanti. While Reliance Industries, Bharti Airtel, Hindustan Unilever, Bajaj Finance, and ITC gained ground, HDFC Bank, Tata Consultancy Services (TCS), ICICI Bank, State Bank of India, and Infosys saw their valuations fall.
Hindustan Unilever’s market valuation increased from Rs 28,700.26 crore to Rs 5,56,054.27 crore. Reliance Industries increased its market capitalisation (mcap) by Rs 19,757.27 crore to Rs 16,50,002.23 crore. ITC’s valuation increased by Rs 15,329.79 crore to Rs 5,27,845.57 crore, while Bajaj Finance’s rose by Rs 12,760.23 crore to Rs 5,53,348.28 crore.
The mcap of Bharti Airtel increased by Rs 8,011.46 crore to Rs 10,02,030.97 crore. However, TCS’s valuation dropped from Rs 24,295.46 crore to Rs 11,69,474.43 crore. Infosys’ market capitalization fell by Rs 17,319.11 crore, to Rs 5,85,859.34 crore.
State Bank of India’s market valuation fell by Rs 12,271.36 crore to Rs 6,72,960.97 crore, while ICICI Bank’s decreased by Rs 8,913.09 crore to Rs 9,34,351.86 crore. The valuation of HDFC Bank fell by Rs 7,958.31 crore to Rs 13,82,450.37 crore.
Reliance Industries is the most valuable company, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Hindustan Unilever, Bajaj Finance, and ITC.
Source: FE
