Mcap of 8 of top-10 most valued firms jumps Rs 2.1 trn; TCS, LIC sparkle

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Mcap of 8 of top-10 most valued firms jumps Rs 2.1 trn; TCS, LIC sparkle - Business Standard

Quick Summary:

The combined market valuation of eight of the top-10 most valued firms jumped Rs 2,10,330.26 crore in a holiday-shorted last week, with Tata Consultancy Services (TCS) and Life Insurance Corporation of India emerging as the biggest gainers.

The market capitalisation (mcap) of Life Insurance Corporation of India (LIC) surged Rs 36,748.23 crore to Rs 7,01,695.24 crore.Infosys added Rs 33,569.16 crore, taking its valuation to Rs 7,44,396.43 crore, while State Bank of India's mcap climbed Rs 26,372.23 crore to Rs 7,93,576.49 crore.

From the top-10 group, the valuation of TCS zoomed Rs 42,639.16 crore to Rs 15,56,772.61 crore.