Mcap of eight of top-10 most valued firms surges by Rs 1.90 lakh cr; ICICI Bank shines

Eight of the top-10 most valued Indian firms saw their combined market capitalisation rise by Rs 1.90 lakh crore in a week where the BSE Sensex gained 1.73% (1,284.61 points) and the Nifty added 1% (256.2 points), snapping a two-week losing streak on improved global sentiment and supportive RBI measures. ICICI Bank led the gains with an addition of Rs 56,223 crore (valuation at Rs 9.61 lakh crore), followed by HDFC Bank (Rs 38,571 crore) and SBI (Rs 36,138 crore), while TCS (-Rs 13,296 crore) and LIC (-Rs 822 crore) were the only decliners. Reliance Industries retained its position as the most valued firm at Rs 17.49 lakh crore.