M-cap of five of top 10 most valued firms jumps Rs 1.54 lakh cr; TCS biggest winner

Five of the top 10 most valued Indian firms added a combined Rs 1.54 lakh crore in market cap last week as Sensex rose 582 points (0.75%) and Nifty gained 127 points (0.52%). TCS was the biggest winner, adding Rs 72,072 crore after reporting a 4.61% rise in June-quarter net profit to Rs 13,349 crore, followed by ICICI Bank (up Rs 29,062 crore), Reliance Industries (up Rs 23,885 crore), Bajaj Finance (up Rs 21,946 crore), and SBI (up Rs 7,338 crore). HDFC Bank, Bharti Airtel, LIC, Larsen & Toubro, and Hindustan Unilever saw erosion in valuation.