Market Capitalisation of 7of top-10 most valued firms surged to ₹71,301 crore; Bharti Airtel leads the pack

In an unprecedented rally, the BSE benchmark climbed by 374.04 points or 0.50% last week, setting new records. Markets remained closed on Friday for Mahashivratri festivities.

Also read: Week Ahead: Inflation data, FII activity, global cues among key market triggers as Nifty 50 eyes 22,800 this week

The 30-share BSE Sensex closed at a historic high of 74,119.39 on Thursday, while the Nifty ended at a fresh peak of 22,493.55.

To ensure operational readiness, leading stock exchanges BSE and NSE conducted a special trading session on Saturday (March 2) in the equity and equity derivative segments.

Among the gainers were Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, State Bank of India, Bharti Airtel, Hindustan Unilever, and ITC, while Reliance Industries, Infosys, and Life Insurance Corporation of India (LIC) witnessed erosion in their market valuation.

Also read: Over 30 smallcaps log double-digit as Sensex posts fourth straight weekly gain; Tata Group stocks among gainers

Bharti Airtel’s valuation surged by ₹38,726.67 crore to reach ₹6,77,448.44 crore, while State Bank of India added ₹13,476.16 crore, taking its market valuation to ₹7,03,393.29 crore.

HDFC Bank’s valuation rallied by ₹12,243.35 crore to reach ₹10,98,707.88 crore, and ICICI Bank’s spurted by ₹3,099.76 crore to ₹7,63,581.30 crore.

ITC’s market capitalization climbed by ₹1,469.81 crore to ₹5,15,921.57 crore, and TCS advanced by ₹1,157.79 crore to ₹14,87,070.15 crore.

The valuation of Hindustan Unilever climbed by ₹1,127.8 crore to ₹5,68,753.81 crore.

However, Infosys’ market capitalization tanked by ₹15,875.81 crore to ₹6,71,121.34 crore, and Reliance Industries witnessed a decline of ₹15,391.94 crore, reaching ₹20,01,358.50 crore.

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LIC’s market capitalization declined by ₹6,166.87 crore to ₹6,48,596.89 crore.

Reliance Industries maintained its position at the top of the most valued firms, followed by TCS, HDFC Bank, ICICI Bank, State Bank of India, Bharti Airtel, Infosys, LIC, Hindustan Unilever, and ITC.

(With inputs from PTI)

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Published: 10 Mar 2024, 11:57 AM IST