Market capitalisation of 8 of top-10 most valued firms jumps by Rs 2,10,330.26 crore in a week; TCS, LIC shine

During a holiday-shortened week, the combined market valuation of eight out of the top-10 most valued firms surged by Rs 2,10,330.26 crore. Tata Consultancy Services (TCS) and Life Insurance Corporation of India (LIC) emerged as the biggest gainers.

The BSE benchmark rose by 85.31 points or 0.10 per cent, reaching a new all-time high of 81,587.76 on Friday. Stock markets were closed on Wednesday due to Muharram.

Among the top-10 companies, TCS saw its valuation jump by Rs 42,639.16 crore to Rs 15,56,772.61 crore, while LIC's market capitalisation surged by Rs 36,748.23 crore to Rs 7,01,695.24 crore. Infosys added Rs 33,569.16 crore, taking its valuation to Rs 7,44,396.43 crore, and State Bank of India's market cap climbed by Rs 26,372.23 crore to Rs 7,93,576.49 crore.

Hindustan Unilever's (HUL) market cap soared by Rs 24,494.49 crore to Rs 6,40,651.30 crore, and ITC's valuation jumped by Rs 19,420.52 crore to Rs 5,92,679.30 crore. Bharti Airtel's market valuation went up by Rs 16,223.03 crore to Rs 8,31,928.39 crore, and ICICI Bank's market cap increased by Rs 10,863.44 crore to Rs 8,78,531.60 crore.

However, Reliance Industries' market valuation fell by Rs 56,799.01 crore to Rs 21,03,829.74 crore, and HDFC Bank's market cap declined by Rs 13,124.01 crore to Rs 12,22,701.34 crore.

In the top-10 list, Reliance Industries remained the most valued firm, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, LIC, Hindustan Unilever, and ITC.

What is market capitalisation? 

Market capitalisation or 'market cap' is a measure used to evaluate the total value of a publicly traded company. It is calculated by multiplying the current share price of the company by the total number of outstanding shares.

In essence, market capitalisation represents the theoretical value of a company according to the stock market. 

(With input from agencies.)

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