Eight of the 10 highest-valued companies together added Rs 1,52,355.03 crore to the market valuation last week, with HDFC Bank and State Bank of India becoming the biggest winners. Last week, the benchmark BSE Sensex rose 1,246.89 points, or 2.07%. The benchmark index broke the 61,000 mark for the first time on Thursday.
Markets were closed for Dussehra on Friday. At the top of the ranking of winners, the valuation of HDFC Bank jumped from Rs 46,348.47 crore to Rs 9 33,559.01 crore.
The market valuation of the State Bank of India rose from Rs 29,272.73 crore to Rs 4,37,752.20 crore. Reliance Industries Limited added Rs 18,384.38 crore to Rs 17 11,554.55 crore in its Evaluation. The market capitalization of ICICI Bank increased from Rs 16,860.76 crore to reach Rs 5,04,249.13 crore and that of HDFC gained Rs 16,020.7 crore to Rs 5,07861.84 crore.
The valuation of Kotak Mahindra Bank increased from Rs 15,944.02 crore to Rs 3,99,810.31 crore and that of Bajaj Finance jumped from Rs 7,526.82 crore to Rs 4,467.41 crore. Hindustan Unilever added Rs 1,997.15 crore, bringing its market valuation to Rs 6,222,359.73 crore.
In contrast, the valuation of Tata Consultancy Services has eroded from Rs 1,19,849.27 crore to Rs 13,35,838.42 crore. Shares of Tata Consultancy Services fell more than 6% on Monday after the company’s earnings for the September quarter fell short of market expectations. Infosys’ valuation fell from Rs 3,414.71 crore to Rs 7,27,692.41 crore.
In the top 10 ranking, Reliance Industries led the rankings, followed by Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever, HDFC, ICICI Bank, Bajaj Finance, State Bank of India and Kotak Mahindra Bank.
First publication: STI