Published By: Mohammad Haris
Last Updated: February 11, 2024, 12:34 IST
Last week, the BSE Sensex declined by 490.14 factors or 0.67 per cent. (Representative picture/Reuters)
From the highest-10 pack, Reliance Industries, TCS, LIC and SBI had been the gainers collectively including Rs 2,18,598.29 crore in market capitalisation
Four of the highest-10 most valued corporations collectively added Rs 2.18 lakh crore in market valuation final week, with Life Insurance Corporation and State Bank of India rising as the most important gainers. From the highest-10 pack, Reliance Industries, Tata Consultancy Services (TCS), Life Insurance Corporation of India (LIC) and SBI had been the gainers. They collectively added Rs 2,18,598.29 crore in market capitalisation.
On the opposite hand, HDFC Bank, ICICI Bank, Infosys, Bharti Airtel, Hindustan Unilever and ITC confronted erosion from their valuation to the tune of Rs 1,06,631.39 crore. Last week, the BSE benchmark declined by 490.14 factors or 0.67 per cent.
Market valuation of LIC jumped Rs 86,146.47 crore to Rs 6,83,637.38 crore. The share value of LIC on Monday jumped almost 6 per cent to hit the Rs 1,000 mark for the primary time. SBI added Rs 65,908.26 crore, taking its valuation to Rs 6,46,365.02 crore.
Market valuation of TCS climbed Rs 61,435.47 crore to Rs 15,12,743.31 crore and that of Reliance superior Rs 5,108.09 crore to achieve Rs 19,77,136.54 crore. Shares of TCS jumped 4 per cent on Tuesday, taking its market valuation to above Rs 15 lakh crore.
However, market capitalisation (mcap) of HDFC Bank declined by Rs 32,963.94 crore to Rs 10,65,808.71 crore. The valuation of ITC eroded by Rs 30,698.62 crore to Rs 5,18,632.02 crore. Mcap of Bharti Airtel fell by Rs 16,132.15 crore to Rs 6,31,044.50 crore and that of Infosys went decrease by Rs 10,044.09 crore to Rs 6,92,980.35 crore.
The valuation of ICICI Bank dipped Rs 9,779.06 crore to Rs 7,09,254.77 crore and that of Hindustan Unilever diminished by Rs 7,013.53 crore to Rs 5,69,587.91 crore. In the rating of prime-10 most valued corporations, Reliance Industries continued to rule the chart adopted by TCS, HDFC Bank, ICICI Bank, Infosys, LIC, State Bank of India, Airtel, Hindustan Unilever and ITC.
