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Market valuation of top 7 firms surges ₹1.50 lakh crore, big gains by TCS & Infosys


This surge was primarily led by IT giants Tata Consultancy Services (TCS) and Infosys, amidst a generally positive trend in equities, it added. Last week, the BSE benchmark observed a notable jump of 890.05 points or 1.37 percent, reflecting the overall optimistic market sentiment.

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In terms of the most valued companies, Reliance Industries (RIL), maintained its top position, followed by TCS, HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever (HUL), ITC, Bharti Airtel, State Bank of India (SBI), and Bajaj Finance, in that order.

Gainers and Losers

Among the gainers were RIL, TCS, HDFC Bank, Infosys, HUL, ITC, and Bharti Airtel. However, ICICI Bank, SBI, and Bajaj Finance faced declines in their market valuations.

TCS saw a remarkable increase in valuation, soaring 62,148.99 crore to reach 12,81,637.63 crore, emerging as the top gainer among the top 10 firms.

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It was followed by Infosys, which also experienced a robust rally, with its market capitalisation (mcap) surging by 28,616.98 crore to 5,96,681.75 crore.

Among the other gainers, RIL witnessed a climb of 28,111.41 crore in its mcap, reaching 15,93,893.03 crore, while HDFC Bank surged by 11,136.61 crore to hit 11,42,215.81 crore.

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Similarly, HUL saw a rise of 10,032.75 crore, reaching 5,94,317.36 crore, and Bharti Airtel advanced by 6,828.74 crore to attain 5,32,585.63 crore. ITC added 3,803.8 crore, bringing its valuation to 5,47,808.43 crore.

Declines in Market Valuation

Public sector lender State Bank of India witnessed a decline of 14,502.5 crore, reaching 5,02,589.52 crore in mcap, while ICICI Bank fell by 11,308.97 crore to 6,46,254.41 crore.

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Bajaj Finance also experienced a reduction, diminishing by 4,973.68 crore to 4,46,169.40 crore. 

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Updated: 19 Nov 2023, 02:20 PM IST

Joanna Swanson

Joanna Swanson is Europe correspondent at the Thomson Reuters Foundation based in Brussels covering politics, culture, business, climate change, society, economies and inclusive tech. With specific focus in breaking news, she has covered some of the world's most significant stories.