The combined market capitalisation of six out of the ten most-valued companies rose by ₹1,62,288.06 crore last week, with Bharti Airtel and Reliance Industries leading the gains, reflecting a broadly positive sentiment in the equity market.
During the same period, the BSE benchmark index advanced by 1,289.57 points, or 1.58%.
Among the gainers were Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, and Infosys. Meanwhile, TCS, LIC, Bajaj Finance, and Hindustan Unilever witnessed declines in their market value.
Bharti Airtel’s market capitalisation surged by ₹54,055.96 crore to ₹11,04,469.29 crore, while Reliance Industries saw an increase of ₹50,070.14 crore, bringing its valuation to ₹19,82,033.60 crore.
HDFC Bank‘s valuation rose by ₹38,503.91 crore to ₹15,07,281.79 crore, Infosys added ₹8,433.06 crore reaching ₹6,73,751.09 crore, ICICI Bank grew by ₹8,012.13 crore to ₹10,18,387.76 crore, and SBI added ₹3,212.86 crore to reach ₹7,10,399.75 crore.
On the downside, Bajaj Finance lost ₹17,876.42 crore in market value, settling at ₹5,62,175.67 crore. TCS’s valuation dropped ₹4,613.06 crore to ₹12,42,577.89 crore, Hindustan Unilever shed ₹3,336.42 crore to ₹5,41,557.29 crore, and LIC declined by ₹1,106.88 crore to ₹5,92,272.78 crore.
In terms of overall rankings, Reliance Industries remained the most valued company, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, LIC, Bajaj Finance, and Hindustan Unilever.
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