In the previous week, 9 out of the 10 most valued Indian companies jointly added Rs 57,263.16 crores in market valuation. IT major Tata Consultancy Services (TCS) was the single out firm that ended up to a decline in their market capitalisation for the week ended on 28/12/2018. The market valuation of TCS fell by Rs 544 crores to Rs 7.11 Trillion.

Mukesh Ambani led Reliance Industries Ltd (RIL) came out to the top of the chart. RIL’s market valuation rose by Rs 17,413 crores to Rs 7.13 trillion, becoming the biggest gainer among the top-10 firms. The companies, other than RIL, whose market cap jumped in the previous week include HDFC Bank, HUL, ITC etc.

The Market Cap of HDFC Bank increased by Rs 3,592 crores to Rs 5.7 Trillion whereas M-cap of ITC soared by Rs 6,814 crores to Rs 3.4 Trillion. The market cap of other IT giant Infosys surged by Rs 5,194 crores to Rs 2.87 Trillion meanwhile ICICI Bank advanced Rs 5,152 crores to Rs 2.32 Trillion.

Other companies such as Hindustan Unilever Ltd (HUL) & Kotak Mahindra Bank rose by Rs 3,572 crores and Rs 3,332 crores to Rs 3.93 Trillion and Rs 2.37 Trillion, respectively. The state-owned lender State Bank of India’s market cap jumped by Rs 2,500 crores to Rs 2.62 Trillion.

Read EquityPandit’s Technical Analysis Of Indian Stock Market