Daijiworld Media Network - Mumbai

Mumbai, Dec 21: The combined market valuation of six of the top-10 most-valued companies surged by Rs 75,256.97 crore last week, even as the broader equity market ended lower. Tata Consultancy Services (TCS) and Infosys emerged as the biggest gainers during the period.

Last week, the BSE benchmark index slipped 338.3 points, or 0.39 per cent, reflecting subdued investor sentiment.

Among the top-10 firms, Reliance Industries, Bharti Airtel, Tata Consultancy Services (TCS), State Bank of India (SBI), Infosys and Larsen & Toubro recorded gains in their market capitalisation. In contrast, HDFC Bank, ICICI Bank, Bajaj Finance and Life Insurance Corporation of India (LIC) witnessed erosion in their valuations.

The market capitalisation of TCS jumped by Rs 22,594.96 crore to Rs 11,87,673.41 crore, making it the biggest gainer for the week. Infosys followed closely, adding Rs 16,971.64 crore to take its valuation to Rs 6,81,192.22 crore.

State Bank of India’s valuation climbed by Rs 15,922.81 crore to Rs 9,04,738.98 crore, while Reliance Industries saw its market capitalisation edge higher by Rs 12,314.55 crore to Rs 21,17,967.29 crore.

Bharti Airtel’s market value increased by Rs 7,384.23 crore to Rs 11,95,332.34 crore, and Larsen & Toubro added Rs 68.78 crore to reach Rs 5,60,439.16 crore.

On the downside, HDFC Bank’s market capitalisation declined sharply by Rs 21,920.08 crore to Rs 15,16,638.63 crore. LIC’s valuation fell by Rs 9,614 crore to Rs 5,39,206.05 crore.

ICICI Bank saw its market value slip by Rs 8,427.61 crore to Rs 9,68,240.54 crore, while Bajaj Finance’s market capitalisation dipped by Rs 5,880.25 crore to Rs 6,27,226.44 crore.

Despite the fluctuations, Reliance Industries retained its position as India’s most-valued company, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Larsen & Toubro and LIC.