NEW DELHI: The combined market valuation of seven of India’s top-10 most valued companies rose by ₹74,573.63 crore last week, despite a holiday-shortened trading period, with HDFC Bank emerging as the biggest gainer amid a positive equity trend.
The BSE benchmark index climbed 780.71 points (0.97%), while the Nifty rose 239.55 points (0.97%).
Among the gainers were HDFC Bank, Tata Consultancy Services (TCS), ICICI Bank, State Bank of India (SBI), Bajaj Finance, Hindustan Unilever (HUL), and Life Insurance Corporation of India (LIC). In contrast, Reliance Industries, Bharti Airtel, and Infosys saw their valuations decline.
HDFC Bank added ₹30,106.28 crore, taking its market capitalization to ₹14,81,889.57 crore, while LIC’s valuation surged ₹20,587.87 crore to ₹5,72,507.17 crore. SBI’s market cap increased ₹9,276.77 crore to ₹8,00,340.70 crore, and HUL gained ₹7,859.38 crore, reaching ₹5,97,806.50 crore.
ICICI Bank’s valuation rose by ₹3,108.17 crore to ₹9,75,115.85 crore, Bajaj Finance added ₹2,893.45 crore to ₹6,15,808.18 crore, and TCS saw a modest increase of ₹741.71 crore to ₹10,50,023.27 crore.
On the other hand, Reliance Industries’ market cap fell ₹19,351.44 crore to ₹18,45,084.98 crore, Bharti Airtel dropped ₹12,031.45 crore to ₹10,80,891.08 crore, and Infosys declined ₹850.32 crore to ₹6,00,954.93 crore.
Reliance Industries remained the most valued domestic company, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, SBI, Bajaj Finance, Infosys, HUL, and LIC.
