Mcap of 6 of top-10 most valued firms surges by Rs.1 lakh crore; Airtel, Bajaj Finance top gainers
New Delhi, July 5 -- The combined market capitalisation of six of the country's 10 most-valued companies increased by nearly Rs.1 lakh crore last week, driven by a broadly positive trend in the equity markets. Among them, Bharti Airtel and Bajaj Finance recorded the biggest gains.
During the week, the BSE Sensex advanced 663.44 points, or 0.86%, while the NSE Nifty climbed 214.85 points, or 0.89%.
According to Ajit Mishra, SVP, Research at Religare Broking Ltd, markets closed the week on a strong note, buoyed by resilient domestic macroeconomic indicators, robust GST collections, and improving industrial activity.
"Expectations of a more accommodative global monetary policy following softer-than-expected US labour market data further s...
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