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M-cap of eight of top-10 most valued corporations zooms Rs 1.90 lakh cr

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New Delhi: The mixed market valuation of eight of the top-10 most valued firms zoomed Rs 1,90,571.55 crore final week, with Bajaj Finance rising as the largest gainer, reflecting bullish investor sentiment. While Reliance Industries Ltd (RIL) and Tata Consultancy Services (TCS) witnessed erosion of their market capitalisation, remainder of the eight firms together with Hindustan Unilever Limited, HDFC, ICICI Bank and Bharti Airtel emerged as gainers.

The market valuation of Bajaj Finance jumped Rs 35,878.56 crore to Rs 2,63,538.56 crore, turning into the largest gainer among the many top-10 most valued corporations.

HDFC Bank added Rs 34,077.46 crore to its market valuation, taking it to Rs 7,54,025.75 crore, whereas HDFC’s market capitalisation jumped Rs 31,989.44 crore to Rs 4,15,761.38 crore.

ICICI Bank’s valuation rose Rs 30,142.34 crore to Rs 3,35,771.38 crore, whereas that of Hindustan Unilever Ltd gained Rs 22,156.31 crore to Rs 5,14,223.88 crore.

The valuation of Bharti Airtel jumped Rs 17,266.84 crore to Rs 2,62,630.53 crore and that of Kotak Mahindra Bank rose Rs 10,520.48 crore to succeed in Rs 3,50,501.27 crore.

Infosys added Rs 8,540.12 crore to its market valuation, taking it to Rs 4,82,783.05 crore.

In distinction, the market capitalisation of RIL eroded by Rs 18,392.74 crore to Rs 13,53,624.69 crore.

The valuation of TCS tumbled Rs 14,090.21 crore to Rs 10,02,149.38 crore.

RIL led the chart of top-10 most valued firms, adopted by TCS, HDFC Bank, HUL, Infosys, HDFC, Kotak Mahindra Bank, ICICI Bank, Bajaj Finance and Bharti Airtel.

Over the previous week, the 30-share BSE Sensex jumped 1,744.92 factors or 4.16 per cent.

Domestic markets carried out a particular one-hour Muhurat buying and selling session on Diwali.




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