Seven of Top-10 Firms Add Rs 1.55 Lakh Crore in Market Value; Reliance, TCS Lead Gains
New Delhi: The combined market valuation of seven of the top-10 most valued Indian companies rose by Rs 1,55,710.74 crore in the holiday-shortened week, driven by a positive momentum in domestic equities. Reliance Industries and Tata Consultancy Services (TCS) were the biggest contributors to the gains.
During the week, the BSE benchmark Sensex advanced 259.69 points, or 0.30 per cent, hitting a 52-week high of 85,290.06 on Thursday.
Among the top-10 firms, Reliance Industries, Bharti Airtel, TCS, State Bank of India (SBI), Bajaj Finance, Infosys, and Life Insurance Corporation of India (LIC) registered gains in market value. In contrast, HDFC Bank, ICICI Bank, and Hindustan Unilever witnessed declines.
Reliance Industries’ market capitalisation (mcap) jumped by Rs 46,687.03 crore to Rs 19,64,170.74 crore, while TCS added Rs 36,126.6 crore to reach Rs 11,08,021.21 crore.
Infosys’ valuation surged by Rs 34,938.51 crore to Rs 6,33,712.38 crore, and SBI’s rose by Rs 13,892.07 crore to Rs 8,34,817.05 crore. Bajaj Finance gained Rs 11,947.17 crore, taking its mcap to Rs 6,77,846.36 crore, while Bharti Airtel advanced Rs 9,779.11 crore to Rs 11,57,014.19 crore. LIC’s valuation increased by Rs 2,340.25 crore to Rs 5,62,513.67 crore.
On the losing side, ICICI Bank’s market cap fell by Rs 43,744.59 crore to Rs 9,82,746.76 crore. Hindustan Unilever’s valuation dropped by Rs 20,523.68 crore to Rs 5,91,486.10 crore, while HDFC Bank lost Rs 11,983.68 crore to settle at Rs 15,28,227.10 crore.
Reliance Industries remained India’s most valued company, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, SBI, Bajaj Finance, Infosys, Hindustan Unilever, and LIC.
