Market value of TCS, HDFC Bank, 5 other firms soars by Rs 1.4 lakh crore in a week

Market value of TCS, HDFC Bank, 5 other firms soars by Rs 1.4 lakh crore in a week

NEW DELHI: Seven of the top 10 most valued domestic firms cumulatively added Rs 1,37,396.66 crore in market capitalisation in the week to January 8, with Tata Consultancy Services (TCS) emerging the biggest gainer.

Besides TCS, other companies among the top 10 were HDFC Bank, Hindustan Unilever Limited (HUL), Infosys, HDFC, ICICI Bank and Bharti Airtel.

On the other hand, Reliance Industries Limited (RIL), Kotak Mahindra Bank and Bajaj Finance registered declines in their market capitalisation.

The valuation of TCS rose by Rs 72,102.07 crore to Rs 11,70,875.36 crore, and that of Infosys increased by Rs 21,894.28 crore to Rs 5,58,772.73 crore.

HDFC’s market value improved by Rs 15,076.62 crore to Rs 4,77,663.03 crore, Bharti Airtel’s by Rs 13,720.73 crore to Rs 2,94,736.49 crore, ICICI Bank’s by Rs 10,054.48 crore to Rs 3,74,253.88 crore, HDFC Bank’s by Rs 3,855.36 crore to Rs 7,88,613.86 crore, and HUL’s by Rs 693.12 crore to Rs 5,61,626.18 crore.

On the other hand, the valuation of RIL dropped by Rs 34,296.37 crore to Rs 12,25,445.59 crore, and that of Bajaj Finance decreased by Rs 12,024.63 crore to Rs 3,06,156.55 crore.

Kotak Mahindra Bank’s valuation fell by Rs 4,661.65 crore to Rs 3,90,253.33 crore.

In the trading week ended January 8, the S&P BSE Sensex index gained 913.53 points or 1.90 per cent.

In the ranking of top 10 firms, RIL led the chart, followed by TCS, HDFC Bank, HUL, Infosys, HDFC, Kotak Mahindra Bank, ICICI Bank, Bajaj Finance and Bharti Airtel.

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