The market value of top companies rose by Rs 2.1 billion last week

The combined market valuation of eight of the top 10 highest-valued companies rose by Rs 21,000 crore last week amid a holiday short sale, with Tata Consultancy Services (TCS) and Life Insurance Corporation of India emerging as the biggest gainers.

Last week, the BSE benchmark rose 85.31 points or 0.10%. The 30-share BSE Sensex hit a new all-time high of 81,587.76 on Friday.

Due to Muharram, stock markets were closed on Wednesday.

Within the top 10 group, TCS’s valuation rose from Rs 42,639.16 crore to Rs 15 lakh crore.

Life Insurance Corporation of India (LIC)’s market capitalization (MCAP) increased by Rs 36,748.23 crore to Rs 7 lakh crore.

Infosys added Rs 33,562 crore, taking its valuation to Rs 7 trillion, while State Bank of India’s market capitalization rose by Rs 26,372 crore to Rs 8 trillion.

Hindustan Unilever’s market capitalization rose by Rs 24,494.49 crore to Rs 640 crore and ITC’s jumped by Rs 19,420.52 crore to Rs 6 crore.

Bharti Airtel’s market valuation rose by Rs 16,223 crore to Rs 8 trillion and that of ICICI Bank climbed by Rs 10,863 crore to Rs 8.7 trillion.

However, Reliance Industries’ market valuation declined by Rs 56,800 crore to Rs 21 lakh crore.

HDFC Bank’s market capitalization fell by Rs 13,124 crore to Rs 12,220 crore.

In the top 10 table, Reliance Industries retained the title of the highest valued company, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, LIC, Hindustan Unilever and ITC.