Key Takeaways
- Seven of India’s top-10 most valued firms added a combined Rs 1.55 lakh crore in market cap
- Reliance Industries and TCS were the biggest gainers
- ICICI Bank, HDFC Bank and HUL saw significant valuation erosion
In a holiday-shortened trading week, seven of India’s top-10 most valued companies witnessed a massive Rs 1.55 lakh crore surge in combined market valuation. The rally was led by Reliance Industries and Tata Consultancy Services, reflecting positive sentiment in domestic equities.
Market Performance
The BSE benchmark Sensex climbed 259.69 points or 0.30% during the week, hitting a 52-week high of 85,290.06 on Thursday. This bullish trend propelled significant gains for major blue-chip companies.
Top Gainers
Reliance Industries emerged as the biggest winner, adding Rs 46,687.03 crore to reach a market valuation of Rs 19,64,170.74 crore.
TCS saw its market cap jump by Rs 36,126.6 crore to Rs 11,08,021.21 crore.
Infosys surged by Rs 34,938.51 crore to Rs 6,33,712.38 crore.
Other notable gainers included State Bank of India (Rs 13,892.07 crore), Bajaj Finance (Rs 11,947.17 crore), Bharti Airtel (Rs 9,779.11 crore), and LIC (Rs 2,340.25 crore).
Companies That Lost Value
Despite the overall positive trend, three major firms saw their valuations decline:
- ICICI Bank: Eroded by Rs 43,744.59 crore to Rs 9,82,746.76 crore
- Hindustan Unilever: Dived by Rs 20,523.68 crore to Rs 5,91,486.10 crore
- HDFC Bank: Declined by Rs 11,983.68 crore to Rs 15,28,227.10 crore
Current Ranking
Reliance Industries maintained its position as India’s most valued company, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Bajaj Finance, Infosys, Hindustan Unilever, and LIC.
