Top-10 Firms Add Rs 1.94 Lakh Crore in Market Value
Eight of India’s top-10 most valued companies saw their combined market valuation surge by Rs 1,94,148.73 crore last week, with Tata Consultancy Services (TCS) emerging as the biggest gainer.
Key Takeaways
- TCS led gains with Rs 45,678 crore increase in market cap
- Reliance Industries maintained position as most valued firm
- Only HUL and LIC saw valuation erosion
- BSE benchmark surged 1.59% during the week
Weekly Performance Breakdown
The gainers included Reliance Industries, HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Bajaj Finance and Infosys, while Hindustan Unilever and Life Insurance Corporation of India (LIC) faced erosion in their market valuation.
TCS added Rs 45,678.35 crore, taking its market valuation to Rs 10,95,701.62 crore. Infosys saw a jump of Rs 28,125.29 crore to Rs 6,29,080.22 crore.
HDFC Bank’s valuation surged Rs 25,135.62 crore to Rs 15,07,025.19 crore, while ICICI Bank gained Rs 11,251.62 crore to reach Rs 9,86,367.47 crore.
State Bank of India edged higher by Rs 12,645.94 crore to Rs 8,12,986.64 crore.
Market Leaders Maintain Positions
Reliance Industries climbed Rs 25,035.08 crore to Rs 18,70,120.06 crore, maintaining its position as the most valued firm. Bharti Airtel’s market valuation zoomed Rs 25,089.27 crore to Rs 11,05,980.35 crore.
Bajaj Finance rallied Rs 21,187.56 crore to Rs 6,36,995.74 crore, while LIC eroded by Rs 4,648.88 crore to Rs 5,67,858.29 crore.
Broader Market Performance
The strong performance came as the BSE benchmark surged 1,293.65 points or 1.59% during the week.
On Friday, the stock market continued its upward journey for the second consecutive session, with Nifty surpassing 25,300 intraday for the first time since September 19.
