TCS drives market capitalisation of seven of India’s top 10 most valued firms

The market capitalisation of seven of India’s top 10 most valued firms surged by Rs 1,72,225.62 crore last week, driven by Tata Consultancy Services (TCS) amid a rally in equities.

The BSE benchmark rose 522.74 points, or 0.65%, during the week. The 30-share BSE Sensex climbed 622 points, or 0.78%, closing at a record 80,519.34 on Friday. It peaked at 80,893.51, up 996.17 points or 1.24%, during trading.

TCS saw its market capitalisation jump by Rs 62,393.92 crore to Rs 15,14,133.45 crore after reporting an 8.7% increase in net profit to Rs 12,040 crore for the June quarter.