MUMBAI — The combined market valuation
of six of the top-10 most valued firms surged INR 2.03 lakh crore last week as
the Indian stock market ended with gains.
In the
trading session from December 2 to December 6, Nifty closed at 24,677 with a
gain of 2.27 per cent or 546 points and Sensex closed at 81,709 with a gain of
2.39 per cent or 1,906 points.
This
was the third consecutive week when the stock market closed in the green.
Among
the top 10, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, Infosys,
Reliance Industries, and State Bank of India (SBI) were gainers, while Bharti
Airtel, Life Insurance Corporation of India (LIC), ITC, and Hindustan Unilever
were laggards.
The
market capitalisation of TCS surged by INR 62,574 crore to INR 16,08,782 crore.
The market valuation of HDFC Bank jumped INR 45,338 crore to INR 14,19,270 crore.
Infosys added INR 26,885 crore taking its market cap to INR 7,98,560 crore and
the market capitalisation of Reliance Industries surged by INR 26,185 crore to
INR 17,75,176 crore. The market capitalisation of SBI soared by INR 22,311
crore to INR 7,71,087 crore. ICICI Bank added INR 19,821 crore to its market
capitalisation to INR 9,37,545 crore.
On the
other hand, the market capitalisation of Bharti Airtel declined by INR 16,720
crore to INR 9,10,005 crore. The market valuation of ITC went lower by INR 7,256
crore to INR 5,89,572 crore and the market capitalisation of Hindustan Unilever
declined by INR 2,843.01 crore to INR 5,83,673.71 crore. LIC's market cap
declined by INR 1,265 crore to INR 6,21,937.02 crore. On Friday, the stock
market ended with a marginal loss.
Sensex
and Nifty declined by 56 points and 30 points, respectively.
