Top 9 Indian firms add ₹95,522 crore to market valuation
Nine of India's top 10 most valued firms witnessed a significant increase in their combined market valuation last week. The total surge amounted to ₹95,522.81 crore with Reliance Industries, Tata Consultancy Services (TCS), and Hindustan Unilever (HUL) leading the pack. This financial growth was observed as the BSE Sensex concluded its fourth consecutive session on a high note at 81,086.21 points on Friday.
Reliance Industries leads valuation surge
Reliance Industries spearheaded the market valuation surge with an increase of ₹29,634.27 crore, taking its total to ₹20,29,710.68 crore. TCS followed closely behind with a rise of ₹17,167.83 crore in its valuation, which now stands at ₹16,15,114.27 crore. HUL also made significant gains with an increase of ₹15,225.36 crore in its market capitalization, reaching a total of ₹6,61,151.49 crore last week.
Airtel and ICICI Bank see substantial gains
Bharti Airtel and ICICI Bank also experienced significant increases in their market capitalizations last week. Airtel's valuation rose by ₹12,268.39 crore to a total of ₹8,57,392.26 crore, while ICICI Bank saw an increase of ₹11,524.92 crore in its market cap which stands at ₹8,47,640.11 crore.
ITC, SBI, LIC, and Infosys add to market valuation
ITC's market cap rose by ₹3,965.14 crore to a total of ₹6,32,364.24 crore last week. State Bank of India (SBI) also contributed to the overall increase, with an addition of ₹2,498.89 crore in its valuation reaching a total of ₹7,27,578.99 crore. Life Insurance Corporation of India (LIC) saw its market cap jump by ₹1,992.37 crore, while Infosys added ₹1,245.64 crore to its valuation which now stands at ₹7,73,269.13 crore last week.
HDFC Bank experiences a dip
In contrast to the overall trend, HDFC Bank experienced a decrease in its market cap last week. The bank's valuation dipped by ₹4,835.34 crore to a total of ₹12,38,606.19 crore. Meanwhile, Reliance Industries managed to retain its position as the most valued firm followed by TCS and HDFC Bank. Other companies on the list include Bharti Airtel, ICICI Bank, and Infosys.
