Mcap of nine of top-10 firms jumps over Rs 2.98 trn; RIL, TCS lead winners

Nine of the 10 most valued firms added Rs 2.98 lakh crore to their market valuation last week amid a bullish trend in equities, with Reliance Industries and TCS emerging as lead gainers.

Last week, the 30-share BSE benchmark jumped 2,311.45 points or 4.29 per cent.

Barring Life Insurance Corporation (LIC), the top 10 firms, including HDFC Bank, Infosys, Hindustan Unilever Limited and ICICI Bank, added a total of Rs 2,98,523.01 crore to their market valuation.

The market capitalisation (mcap) of Reliance Industries jumped Rs 68,564.65 crore to Rs 16,93,245.73 crore at close on Friday.

The valuation of Tata Consultancy Services (TCS) shot up by Rs 64,929.87 crore to Rs 11,60,285.19 crore. ICICI Bank added Rs 34,028.7 crore to its valuation at Rs 5,56,526.81 crore.