HDFC leads top 10 weekly gainers with ₹3,93,135.72 crore m-cap1 min read . Updated: 07 Jul 2019, 11:37 AM IST
- Among top 10 companies, only TCS, Infosys and ICICI Bank suffered losses
- SBI's m-cap rallied ₹8,656.87 crore to ₹3,30,746.10 crore
New Delhi: Seven of the 10 most valued domestic firms together added ₹53,732.55 crore in market valuation last week, with HDFC emerging as the biggest gainer.
Among the gainers, the valuation of HDFC zoomed ₹14,941.11 crore to ₹3,93,135.72 crore.
SBI's m-cap rallied ₹8,656.87 crore to ₹3,30,746.10 crore and that of HDFC Bank jumped ₹7,925.16 to reach ₹6,76,480.35 crore.
The market valuation of Kotak Mahindra Bank Ltd advanced ₹7,860.21 crore to ₹2,89,760.94 crore and that of ITC climbed ₹6,742.25 crore to ₹3,42,567.46 crore.
Reliance Industries Ltd (RIL) added ₹6,719.38 crore to its m-cap to stand at ₹8,00,366.99 crore, while Hindustan Unilever Ltd (HUL) added ₹887.57 crore to reach ₹3,87,802.46 crore.
In contrast, the valuation of TCS plunged ₹24,615.64 crore to ₹8,11,134.24 crore and that of Infosys dropped ₹5,985.44 crore to ₹3,13,798.50 crore.
ICICI Bank's valuation dipped ₹610.96 crore to ₹2,81,494.51 crore.
In the ranking of top-10 firms, TCS was placed at the number one position, followed by RIL, HDFC Bank, HDFC, HUL, ITC, SBI, Infosys, Kotak Mahindra Bank Ltd and ICICI Bank.
Over the last week, the BSE Sensex gained ₹118.75 points to close at 39,513.39 on Friday.
However, benchmark equity indices closed with sharp losses Friday after the Budget proposal to raise public shareholding threshold fanned fears of oversupply of new papers in an already overbought market.
This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.