Mumbai: Last week, India’s stock market saw strong growth, adding over Rs 1 lakh crore to the combined value of nine of the country’s ten most valuable companies. The BSE Sensex rose 737.98 points, or 0.90%, showing positive investor sentiment.
Reliance and HDFC Bank Lead the Gains
Reliance Industries was the top gainer, with its market value jumping by Rs 30,786.38 crore to reach Rs 19.53 lakh crore. HDFC Bank followed closely, adding Rs 26,668.23 crore, pushing its valuation to Rs 15.15 lakh crore.
Other Big Winners
Bajaj Finance saw a rise of Rs 12,322.96 crore, taking its total value to Rs 5.82 lakh crore. ICICI Bank added Rs 9,790.87 crore and is now valued at Rs 10.41 lakh crore. Hindustan Unilever’s market value increased by Rs 9,280.89 crore to Rs 5.61 lakh crore.
Bharti Airtel gained Rs 7,127.63 crore, with its valuation now at Rs 10.65 lakh crore. LIC rose by Rs 3,953.12 crore to Rs 6.07 lakh crore, and Infosys added Rs 519.27 crore, bringing its value to Rs 6.49 lakh crore. State Bank of India (SBI) also gained Rs 401.61 crore, with a total valuation of Rs 7.25 lakh crore.
TCS the Only Loser
Tata Consultancy Services (TCS) was the only company among the top 10 to lose value. Its market capitalisation fell by Rs 28,510.53 crore to Rs 12.24 lakh crore.
Reliance Still on Top
Among the top 10 most valuable companies, Reliance Industries continues to hold the number one position, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, LIC, Bajaj Finance, and Hindustan Unilever.
The week’s rally reflects growing confidence among investors and optimism in the Indian economy.
(With agency inputs)
