Eight of the 10 most valued Indian firms together added over ₹1.34 trillion to their market capitalisation last week, with TCS emerging as the biggest gainer.
Reliance Industries Limited (RIL), HUL, HDFC, ITC, Infosys, HDFC Bank and SBI were the other firms which witnessed a rally in their market capitalisation (m-cap) for the week ended Friday, while Kotak Mahindra Bank and ICICI Bank finished with losses.
The market valuation of Tata Consultancy Services (TCS) jumped ₹28,893.36 crore to ₹8,26,293.87 crore.
Infosys' m-cap soared by ₹24,704.61 crore to ₹2,98,535.04 crore, while State Bank of India (SBI) gained ₹28,469.51 crore to ₹2,79,786.57 crore.
RIL's m-cap zoomed ₹16,671.95 crore to ₹9,23,613.71 crore while that of Hindustan Unilever Limited (HUL) spurted ₹7,977.33 crore to reach ₹4,71,864.08 crore.
HDFC's market valuation advanced by ₹4,428.96 crore to ₹3,67,534.58 crore, and ITC added ₹16,525.33 crore to its valuation to stand at ₹3,21,045.99 crore.
The valuation of HDFC Bank increased by ₹6,739.43 crore to reach ₹6,78,932.19 crore.
On the other hand, the m-cap of Kotak Mahindra Bank dipped ₹1,456.04 crore to ₹3,01,837.35 crore while that of ICICI Bank plunged ₹4,519.55 crore to ₹2,98,535.04 crore.
In terms of ranking of the top-10 firms, RIL retained the top spot, followed by TCS, HDFC Bank, HUL, HDFC, ITC, Kotak Mahindra Bank, ICICI Bank, Infosys and SBI.
During the week, the Sensex rose by 1,106.97 points or 2.83%.