Market capitalization of seven most valued companies increased by Rs 67,260 crore
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New Delhi. The market capitalization of seven of the 10 most valued companies combined rose by Rs 67,259.99 crore last week amid a rally in the stock markets. Reliance Industries was the biggest gainer in this. Last week, BSE Sensex had strengthened by 819.41 points or 1.12 percent. Due to Holi and Good Friday, trading took place only for three days last week. The market valuation of Reliance Industries increased by Rs 45,262.59 crore to reach Rs 20,14,010.63 crore.
The market capitalization of State Bank of India increased by Rs 5,533.26 crore to Rs 6,71,666.29 crore. The market capitalization of Life Insurance Corporation of India (LIC) rose by Rs 5,218.12 crore to Rs 5,78,484.29 crore and that of ICICI Bank rose by Rs 4,132.67 crore to Rs 7,69,542.65 crore. The market capitalization (mcap) of HDFC Bank rose by Rs 4,029.69 crore to Rs 11,00,184.60 crore and that of Hindustan Unilever rose by Rs 2,819.51 crore to Rs 5,32,946.04 crore.
ITC’s mcap increased by Rs 264.15 crore to Rs 5,35,032.74 crore. However, the market capitalization of Tata Consultancy Services (TCS) declined by Rs 10,691.45 crore to Rs 14,05,102.38 crore and that of Infosys declined by Rs 4,163.13 crore to Rs 6,22,117.38 crore. Bharti Airtel’s valuation declined by Rs 3,817.18 crore to Rs 6,95,038.48 crore. Reliance Industries topped the list of most valuable companies. This was followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, LIC, ITC and Hindustan Unilever respectively.
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