Infosys turns 4th Indian firm to touch $100 billion m-cap

Infosys turns to be the fourth Indian company to touch a market valuation of $100 billion.The IT services gaint has joined the league following the footprints of TCS, Reliance Industries and HDFC Bank for crossing the $100 billion-mark in terms of market capitalisation (m-cap).

The milestone has been achieved through the morning trade when the scrip was trading at its 52-week high value of 1,755.6 on the BSE, which took the m-cap to Rs 74.77 lakh crore or $100.78 billion.

Nevertheless, during the close of the trading session, it pared the earlier gains and settled 1.06 percent lower at 1,720.75.On the National Stock Exchange (NSE), the shares had opened at 1,750 a piece and then raised to its 52-week high value of 1,757.It closed the counter at 1,721.5, lower 0.99 percent as compared with the previous close.

Coming to the traded volume, it is been noted that 2.27 lakh shares were traded on the BSE while 76.02 lakh scrips changed hands on the NSE, during the trading session. The latest m-cap data reveals that Reliance Industries is the most-valued firm at 13.7 lakh crore, followed by Tata onsultancy Services (TCS) at 13.44 lakh crore and HDFC Bank at 8.42 lakh crore.