Big Boys Club: Banks Lead Gains; ICICI, HDFC Bank’s M-Caps Soar

  • Stock Market News
Big Boys Club: Banks Lead Gains; ICICI, HDFC Bank’s M-Caps Soar
Credit: © Reuters.

By Malvika Gurung -- The domestic market indices ended the holiday-shortened week on a higher note, with benchmark indices Nifty50 and Sensex rising 1% last week, sustaining the market uptrend for the third time consecutively. 

The country’s top 10 most-valued companies witnessed their net cumulative market valuation rally by a massive Rs 67,859.77 crore in the holiday-curtailed week.

The banking bellwethers ICICI Bank (NS: ICBK ) and HDFC Bank (NS: HDBK ) garnered the biggest addition to their wealth in the April 13-ended week.

On the flip side, IT behemoth Infosys (NS: INFY ), TCS (NS: TCS ) and FMCG giant Hindustan Unilever (NS: HLL ) were the only three companies that witnessed a decline in their market valuations last week.

Here’s how the giants of the elite Big Boys club performed in the holiday-truncated week.

  • ICICI Bank’s m-cap skyrocketed by Rs 17,188.25 crore.
  • HDFC Bank’s valuation rallied by Rs 15,065.31 crore.
  • HDFC’s (NS: HDFC ) wealth soared by Rs 10,557.84 crore.
  • ITC (NS: ITC ) added Rs 10,190.97 crore to its valuation.
  • RIL’s (NS: RELI ) wealth surged by Rs 9,911.59 crore.
  • SBI’s (NS: SBI ) m-cap wealth jumped by Rs 4,640.8 crore.
  • Bharti Airtel’s (NS: BRTI ) valuation rose by Rs 305.01 crore.
  • Infosys’ wealth shot down by Rs 13,897.67 crore.
  • TCS’ valuation slumped by Rs 11,654.08 crore.
  • HUL’s valuation plunged by Rs 6,954.79 crore.

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