Market cap of 7 of top-10 valued firms jumps Rs 67,622 cr; ICICI, HDFC Bank lead gainers

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August 23, 2020 10:21 AM

TCS added Rs 2,157.62 crore in its valuation to Rs 8,43,611.13 crore. The market valuation of ITC rose by Rs 492.18 crore to Rs 2,42,280.13 crore.

The 30-share BSE Sensex advanced 557.38 points or 1.47 per cent last week.The 30-share BSE Sensex advanced 557.38 points or 1.47 per cent last week.

Seven of the top 10 valued domestic firms added a total Rs 67,622.08 crore to their market valuation last week, with HDFC Bank and ICICI Bank emerging as lead gainers.

Tata Consultancy Services (TCS), HDFC Bank, Hindustan Unilever Limited (HUL), HDFC, Kotak Mahindra Bank, ICICI Bank and ITC were the gainers while Reliance Industries Limited (RIL), Infosys and Bharti Airtel witnessed a decline in their market valuation.

The market capitalisation (m-cap) of HDFC Bank jumped by Rs 28,183.55 crore to Rs 5,97,051.15 crore.
ICICI Bank added Rs 21,839.67 crore to its valuation at Rs 2,55,929.73 crore while HUL’s m-cap rose by Rs 6,848.94 crore to Rs 5,17,641.12 crore.

The market capitalisation of Kotak Mahindra Bank increased by Rs 6,241.25 crore to Rs 2,65,097.18 crore and that of HDFC went up by Rs 1,858.87 crore to Rs 3,22,872.98 crore.

TCS added Rs 2,157.62 crore in its valuation to Rs 8,43,611.13 crore. The market valuation of ITC rose by Rs 492.18 crore to Rs 2,42,280.13 crore.

In contrast, the market cap of Reliance Industries declined by Rs 20,507.97 crore to Rs 13,19,705.53 crore.

Bharti Airtel’s valuation dipped Rs 4,855.45 crore to Rs 2,83,688.98 crore and that of Infosys went lower by Rs 1,972.11 crore to Rs 4,04,151.80 crore.

The 30-share BSE Sensex advanced 557.38 points or 1.47 per cent last week.

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