Market cap of India's top 9 companies jumps ₹3L crore
What's the story
In a recent stock market rally, nine out of India's top 10 most-valued companies witnessed their cumulative market capitalization rise by ₹3.06 lakh crore.
The growth was spearheaded by ICICI Bank and Bharti Airtel, riding on a strong equity trend.
The BSE benchmark Sensex rose by 3,076.6 points or 4.16%, while the Nifty soared by 953.2 points or 4.25%.
Top gainers
ICICI Bank and Bharti Airtel lead the surge
Leading the surge was ICICI Bank which added ₹64,426.27 crore to its market capitalization, taking it to ₹9.48 lakh crore.
Bharti Airtel closely followed with a valuation increase of ₹53,286.17 crore to ₹9.84 lakh crore.
HDFC Bank also played a major role by adding ₹49,105.12 crore to its market valuation which now stands at a whopping ₹13.54 lakh crore.
Additional gains
More firms contributing to market valuation
Reliance Industries witnessed its market capitalization increase by ₹39,311.54 crore to ₹17.27 lakh crore.
Bajaj Finance also contributed significantly with an increase of ₹30,953.71 crore taking its total valuation to ₹5.53 lakh crore.
Tata Consultancy Services (TCS) added ₹24,259.28 crore taking its valuation to an impressive ₹12.95 lakh crore in this week's stock market rally.
Market growth
Other notable market capitalization increases
State Bank of India's market capitalization jumped ₹22,534.67 crore to ₹6.72 lakh crore.
Hindustan Unilever's valuation also rose ₹16,823.08 crore to an impressive ₹5.28 lakh crore.
Infosys added ₹5,543.9 crore to take its total market valuation to a robust ₹6.61 lakh crore, during this period of growth in equities across sectors and industries in India.
However, the m-cap of ITC declined ₹7,570.64 crore to ₹5.07 lakh crore.