Bharti Airtel, TCS, HUL, 2 other blue-chip firms gain Rs 1.5 lakh crore in mcap in a week
TCS, Bharti Airtel, ICICI Bank, HUL, and HDFC Bank gained Rs 1,47,291.3 crore in their total market capitalisation during the trading week from September 9 to September 13, according to provisional exchange data. Sensex and Nifty50 clocked weekly gains of more than two per cent each, amid strong buying interest across most sectors with financial, IT, metal, and energy stocks at the forefront of the rally.
As benchmark indices raced to fresh record highs, finishing the trading week within 0.3 per cent of their latest peaks, five blue-chip firms gained almost Rs 1.5 lakh crore in market capitalisation (mcap)—or market value—during the five-session period. The Sensex and the Nifty50 headline gauges clocked weekly gains of more than two per cent each, amid strong buying interest across most sectors with financial, IT, metal, and energy stocks at the forefront of the rally.
In the Nifty50 basket of 50 scrips, 43 stocks registered weekly gains, with Bajaj Auto, Divi's Labs, Bharti Airtel, Wipro, and Axis Bank rising about 5-8 per cent each. On the flipside, ONGC, Tata Motors, HDFC Life, BPCL, and SBI Life, logging weekly losses of about 3-6 per cent, were the top blue-chip losers.
Among the country's most valued firms in the listed space, the market capitalisation of Bharti Airtel rose by Rs 54,282.6 crore to Rs 9,30,490.2 crore, while that of ICICI Bank went up by Rs 29,662.4 crore to Rs 8,80,867.1 crore.
While Tata Consultancy Services (TCS)—the country's largest IT firm—gained Rs 23,427.1 crore in market value for the week, the mcap of Hindustan Unilever rose by Rs 22,438.6 crore.
The market value of HDFC Bank—the country's largest private sector lender—increased by Rs 22,094 crore.
In other words, the five firms—TCS, Bharti Airtel, ICICI Bank, HUL, and HDFC Bank—gained Rs 1,47,291.3 crore in their total market capitalisation for the week, according to provisional exchange data.
The market valuation of Infosys climbed Rs 17,480.49 crore to Rs 8,07,299.55 crore and that of ITC rallied Rs 15,194.17 crore to Rs 6,42,531.82 crore.
Meanwhile, in the BSE 500 universe, 329 stocks registered weekly gains, with 17 stocks gaining 10 per cent or more.
With inputs from PTI
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