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Market cap of six top-10 firms jump Rs 63,478 crore

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Market cap of six top-10 firms jump Rs 63,478 crore


New Delhi: The combined market valuation of six of India’s top-10 most valued companies rose by Rs 63,478.46 crore last week, with Larsen & Toubro and State Bank of India emerging as the biggest gainers. The broader market also ended the week on a positive note, as the 30-share BSE Sensex advanced 187.95 points, or 0.22 per cent.

Among the gainers, Larsen & Toubro saw its market capitalisation jump by Rs 28,523.31 crore to Rs 6,02,552.24 crore. State Bank of India added Rs 16,015.12 crore, taking its total valuation to Rs 11,22,581.56 crore. The market value of HDFC Bank climbed by Rs 9,617.56 crore to Rs 14,03,239.48 crore. Similarly, Life Insurance Corporation of India gained Rs 5,977.12 crore, pushing its valuation to Rs 5,52,203.92 crore.

Bajaj Finance also witnessed an increase in its market capitalisation by Rs 3,142.36 crore to Rs 6,40,387 crore. However, not all companies ended the week on a positive note. The market capitalisation of Bharti Airtel declined sharply by Rs 15,338.66 crore to Rs 11,27,705.37 crore.


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ICICI Bank also saw its valuation fall by Rs 14,632.10 crore to Rs 9,97,346.67 crore. The mcap of Infosys dropped by Rs 6,791.58 crore to Rs 5,48,496.14 crore, while Tata Consultancy Services lost Rs 1,989.95 crore, bringing its valuation down to Rs 9,72,053.48 crore.

The most-valued company in the country include HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, Tata Consultancy Services, Bajaj Finance, Larsen & Toubro, Life Insurance Corporation of India, and Infosys in the ranking of the top-10 most valued firms.

Meanwhile, commenting on Nifty technical outlook, experts said that from a levels perspective, 25,800 stands as the immediate resistance, followed by 26,000 and 26,200. “On the downside, key supports are located at 25,300 and 25,100. A decisive break below 25,000 could increase downside momentum and accelerate corrective pressure,” an analyst stated.



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He paid $248 in illegal tariffs for this coat. Will he ever get it back?

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He paid 8 in illegal tariffs for this coat. Will he ever get it back?



Importers are in line for tariff refunds. But whether everyone who paid the for the tariffs will get money back is a trickier question.



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How Somerset families can get crisis support to help heat homes

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How Somerset families can get crisis support to help heat homes


Somerset councillor Heather Shearer said: “One thing the Crisis Resilience Fund wants us to do is not just support people in crisis, it also wants us to work in our community, give more strength and support for the organisations who already support our families.”



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White House staff warned not to place bets on prediction markets

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White House staff warned not to place bets on prediction markets



The platforms have grown in popularity, with some users making bets on global events.



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