<p class="title">Tata Consultancy Services (TCS) on Friday became the first company to close the trading session with a market valuation of over Rs 7 lakh crore on a day when its board approved a share buyback of up to Rs 16,000 crore.</p>.<p class="bodytext">Shares of the company jumped 2.75% to close at Rs 1,841.45 on the BSE. During the day, it surged 3.16% to Rs 1,849.</p>.<p class="bodytext">At NSE, the scrip closed at Rs 1,840, up 2.93%.</p>.<p class="bodytext">Led by the gain in the stock, the company's market valuation soared Rs 18,836.98 crore to Rs 7,05,012.98 crore ($103 billion) at close of trade.</p>.<p class="bodytext">On the equity volume front, 7.66 lakh shares of the company were traded on the BSE and over 91 lakh shares changed hands at NSE during the day.</p>.<p class="bodytext">Last month on May 25, the IT bellwether's market valuation had briefly crossed the Rs 7-lakh crore mark.</p>.<p class="bodytext">"...Board of Directors of the company at its meeting held today ... has approved a proposal to buy back up to 7.61 crore equity shares...of the company for an aggregate amount not exceeding Rs 16,000 crore...," TCS said in a regulatory filing.</p>.<p class="bodytext">TCS market valuation had earlier this year went past the Rs 6 lakh crore level, making it the second company to achieve the milestone after Reliance Industries.</p>.<p class="bodytext">The Mumbai-headquartered TCS had in April became the first Indian company to close the trading session with over $100 billion market valuation.</p>.<p class="bodytext">TCS is the country's most valued firm followed by Reliance Industries Ltd with a m-cap of Rs 6,42,363.07 crore, HDFC Bank (Rs 5,28,652.06 crore), HUL (Rs 3,50,929 crore) and ITC (Rs 3,22,803.60 crore) in the top five list. </p>
<p class="title">Tata Consultancy Services (TCS) on Friday became the first company to close the trading session with a market valuation of over Rs 7 lakh crore on a day when its board approved a share buyback of up to Rs 16,000 crore.</p>.<p class="bodytext">Shares of the company jumped 2.75% to close at Rs 1,841.45 on the BSE. During the day, it surged 3.16% to Rs 1,849.</p>.<p class="bodytext">At NSE, the scrip closed at Rs 1,840, up 2.93%.</p>.<p class="bodytext">Led by the gain in the stock, the company's market valuation soared Rs 18,836.98 crore to Rs 7,05,012.98 crore ($103 billion) at close of trade.</p>.<p class="bodytext">On the equity volume front, 7.66 lakh shares of the company were traded on the BSE and over 91 lakh shares changed hands at NSE during the day.</p>.<p class="bodytext">Last month on May 25, the IT bellwether's market valuation had briefly crossed the Rs 7-lakh crore mark.</p>.<p class="bodytext">"...Board of Directors of the company at its meeting held today ... has approved a proposal to buy back up to 7.61 crore equity shares...of the company for an aggregate amount not exceeding Rs 16,000 crore...," TCS said in a regulatory filing.</p>.<p class="bodytext">TCS market valuation had earlier this year went past the Rs 6 lakh crore level, making it the second company to achieve the milestone after Reliance Industries.</p>.<p class="bodytext">The Mumbai-headquartered TCS had in April became the first Indian company to close the trading session with over $100 billion market valuation.</p>.<p class="bodytext">TCS is the country's most valued firm followed by Reliance Industries Ltd with a m-cap of Rs 6,42,363.07 crore, HDFC Bank (Rs 5,28,652.06 crore), HUL (Rs 3,50,929 crore) and ITC (Rs 3,22,803.60 crore) in the top five list. </p>