Bad news for Mukesh Ambani, Narayana Murthy, Sunil Mittal, Reliance Industries loses Rs 193510000000, Bharti Airtel, Infosys suffers loss of Rs…

The market capitalisation (mcap) of LIC jumped Rs 20,587.87 crore to Rs 5,72,507.17 crore.

The combined market capitalisation of seven of the top-10 most valued companies rose by Rs 74,573.63 crore in the holiday-shortened week, driven by an overall upbeat trend in equities, with HDFC Bank leading the gains. During the same period, the BSE benchmark advanced 780.71 points or 0.97%, while the Nifty added 239.55 points or 0.97%.

Reliance Industries, Bharti Airtel, Infosys MCAP Falls Down

However, Reliance Industries faced an erosion of Rs 19,351.44 crore from its valuation, which stood at Rs 18,45,084.98 crore.

The mcap of Bharti Airtel declined by Rs 12,031.45 crore to Rs 10,80,891.08 crore, and that of Infosys dipped by Rs 850.32 crore to Rs 6,00,954.93 crore.

While HDFC Bank, Tata Consultancy Services (TCS), ICICI Bank, State Bank of India, Bajaj Finance, Hindustan Unilever and Life Insurance Corporation of India (LIC) were among the gainers, Reliance Industries, Bharti Airtel, and Infosys faced erosion from their valuation.

MCAP Of HDFC Bank, SBI, TCS Jumps

HDFC Bank added Rs 30,106.28 crore, taking its market valuation to Rs 14,81,889.57 crore.

The valuation of State Bank of India surged Rs 9,276.77 crore to Rs 8,00,340.70 crore, and that of Hindustan Unilever climbed Rs 7,859.38 crore to Rs 5,97,806.50 crore.

The mcap of ICICI Bank edged higher by Rs 3,108.17 crore to Rs 9,75,115.85 crore, and that of Bajaj Finance went up by Rs 2,893.45 crore to Rs 6,15,808.18 crore. The market valuation of TCS rallied by Rs 741.71 crore to Rs 10,50,023.27 crore.

Reliance Industries remained the most valued domestic firm, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Bajaj Finance, Infosys, Hindustan Unilever and LIC. 

(With Inputs From PTI)