TCS, ICICI Bank Top Gainers: Mcap Of 7 Of 10 Most Valued Firms Jump Rs 65,302 Cr

The combined market valuation of seven of the top 10 most valued firms witnessed a jump of Rs 65,302.5 crore last week, with Tata Consultancy Services and ICICI Bank turning out to be as the top gainers.

Earlier last week, the BSE benchmark Sensex rose 663.35 points or 0.90% while Nifty rallied 165.7 points or 0.74%. Leading stock exchanges BSE and NSE held a special trading session in the equity and equity derivative segments on March 2, 2024 to check their preparedness to handle major disruption or failure at the primary site.

From the top-10 pack, TCS, HDFC Bank, ICICI Bank, State Bank of India, Bharti Airtel, Hindustan Unilever and ITC were the gainers, while Reliance Industries, Infosys and Life Insurance Corporation of India (LICI) faced erosion from their market capitalisation (mcap), according to a PTI report.

The market valuation of TCS climbed Rs 19,881.39 crore to Rs 14,85,912.36 crore. ICICI Bank added Rs 15,672.82 crore, taking its valuation to Rs 7,60,481.54 crore. The market valuation of State Bank of India jumped Rs 12,182.1 crore to Rs 6,89,917.13 crore, and that of HDFC Bank rallied Rs 7,178.03 crore to Rs 10,86,464.53 crore. The mcap of Hindustan Unilever went up by Rs 5,051.63 crore to Rs 5,67,626.01 crore, and that of Bharti Airtel climbed Rs 4,525.14 crore to Rs 6,38,721.77 crore, PTI reported.

The valuation of ITC increased by Rs 811.39 crore to Rs 5,14,451.76 crore. However, LIC's mcap eroded by Rs 19,892.12 crore to Rs 6,54,763.76 crore.The market valuation of Infosys declined by Rs 9,048.17 crore to Rs 6,86,997.15 crore, and that of Reliance Industries dipped Rs 3,720.44 crore to Rs 20,16,750.44 crore, added the PTI report.

In the ranking of the most valued companies, Reliance Industries continued to lead the pack, followed by TCS, HDFC Bank, ICICI Bank, State Bank of India, Infosys, LIC, Bharti Airtel, Hindustan Unilever and ITC.