The combined market valuation of seven of India’s top-10 most valued companies rose by ₹1.06 lakh crore last week.
The upturn was a result of a bullish trend in the equity market, with the BSE benchmark Sensex jumping 901.11 points, or 1.12%, and the Nifty climbing 314.15 points, or 1.28%, as reported by PTI.
The week’s biggest winners
Bajaj Finance and Reliance Industries gained the most among the top 10 firms, mirroring the bullish market sentiment. the companies that gained last week are:
- State Bank of India: The public bank’s value rallied by ₹4,246.09 crore to ₹7,44,864.69 crore
- Bharti Airtel: The telecom company’s value edged higher by ₹4,134.02 crore to ₹10,81,347.25 crore.
- ICICI Bank: The bank’s m-cap went up by ₹3,426.46 crore to ₹10,01,717.42 crore.
Losers of the week
Even though some companies gained, others also saw losses. Tata Consultancy Services (TCS), Infosys and Hindustan Unilever (HUL) faced losses during the week.
Here’s the market valuation of the firms:
- TCS: The tech giant’s m-cap eroded by ₹13,007.02 crore to ₹11,02,955.89 crore.
- Infosys: The company’s m-cap tanked by ₹10,427.47 crore to ₹6,00,036.47 crore
- Hindustan Unilever: The firm’s valuation declined by ₹6,296.91 crore to ₹6,18,694.37 crore.
Top-10 most valued companies in India by market cap
Reliance Industries retained the title of the most valued firm of India, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Hindustan Unilever Ltd., Infosys, Bajaj Finance and LIC.
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