Mcap of 8 of top 10 most valued companies rises to ₹2.10 lakh crore; TCS, LIC lead the list

In the holiday-shortened week, the combined market valuation of eight of the top 10 most valued companies rose by ₹2,10,330.26 crore, with Tata Consultancy Services (TCS) and Life Insurance Corporation of India (LIC) leading the gains.

The BSE benchmark index rose 85.31 points, or 0.10 per cent, and the 30-share BSE Sensex touched a fresh all-time high of 81,587.76 on Friday. The stock markets were closed on Wednesday for Muharram.

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Among the top 10 companies, TCS saw its valuation increase by 10%. ₹42,639.16 crore to ₹15,56,772.61 crores.

LIC’s market capitalization increased by ₹36,748.23 crore to ₹7,01,695.24 crores.

Infosys added ₹33,569.16 crore to achieve a valuation of ₹7,44,396.43 crore, while the market capitalization of State Bank of India has increased by ₹26,372.23 crore to ₹7,93,576.49 crores.

Hindustan Unilever’s market capitalization increased by ₹24,494.49 crore to ₹6,40,651.30 crore and ITC’s valuation increased by ₹19,420.52 crore to ₹5,92,679.30 crores.

Bharti Airtel’s market valuation increased by ₹16,223.03 crore to ₹8,31,928.39 crore and the market capitalization of ICICI Bank increased by ₹10,863.44 crore to ₹8,78,531.60 crores.

Conversely, Reliance Industries saw its valuation fall by 5%. ₹56,799.01 crore to ₹21,03,829.74 crore, while the market capitalization of HDFC Bank has increased by ₹13,124.01 crore to ₹12,22,701.34 crores.

In the top 10 rankings, Reliance Industries continues to be the most valued company, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, LIC, Hindustan Unilever and ITC.