Big Boys’ M-Cap Soars by Rs 2.34 Lakh Crore, RIL Sees Biggest Wealth Surge

By Malvika Gurung

Investing.com -- The domestic market indices ended the last week of financial year 2022-23 on a strong note, led by receding concerns of the global banking turmoil, while foreign investors turned net buyers back home.

The country’s top 10 most-valued companies witnessed their net cumulative market valuation rally by a whopping Rs 2,34,097.42 crore in the holiday-curtailed week.

India’s most-valued firm Reliance Industries (NS: RELI ) garnered the biggest addition to its wealth in the March 31-ended week, followed by the IT bellwether Tata Consultancy Services (NS: TCS ).

However, telecom major Bharti Airtel (NS: BRTI ) witnessed its valuation slumping in the week.

Benchmark indices Nifty50 jumped 1.63% to 17,359.75 points and Sensex rallied 1,78% or 1,031.43 points on Friday.

Here’s how the m-caps of giants of the elite Big Boys club performed last week.

• RIL’s wealth skyrocketed by Rs 86,317.26 crore.
• TCS’ valuation soared by Rs 30,864.1 crore.
• HDFC Bank’s (NS: HDBK ) m-cap rallied by Rs 26,782.76 crore.
• Infosys’ (NS: INFY ) m-cap jumped sharply by Rs 19,601.95 crore.
• HUL (NS: HLL ) added Rs 18,385.55 crore to its wealth.
• ICICI Bank’s (NS: ICBK ) valuation surged Rs 17,644.35 crore.
• SBI’s (NS: SBI ) m-cap wealth jumped by Rs 16,153.55 crore.
• HDFC (NS: HDFC ) added Rs 12,155.78 crore to its wealth.
• ITC’s (NS: ITC ) valuation rose by Rs 6,192.12 crore.
• Bharti Airtel’s m-cap plunged by Rs 7,387.05 crore.