Mumbai: The stock market had a strong week as nine out of the ten most valuable Indian companies added a total of Rs 3.35 lakh crore to their market value. This rise matched the overall upbeat trend in the equity markets. Reliance Industries was the biggest gainer among them.
The BSE benchmark index went up by 2,876.12 points or 3.61% last week, giving a big boost to investor confidence.
Reliance Industries saw the highest gain in market valuation, with its value rising by Rs 1,06,703.54 crore. Its total market capitalisation (mcap) now stands at Rs 19,71,139.96 crore, making it the most valuable company in India.
HDFC Bank added Rs 34,029.11 crore, pushing its mcap to Rs 14,80,323.54 crore. Tata Consultancy Services (TCS) followed closely, gaining Rs 43,688.4 crore to reach a valuation of Rs 12,89,106.49 crore.
ICICI Bank also saw a big jump, with its mcap going up by Rs 46,306.99 crore to Rs 10,36,322.32 crore. Infosys added Rs 34,281.79 crore and now stands at Rs 6,60,365.49 crore.
Among the other gainers, Bajaj Finance’s mcap increased by Rs 32,730.72 crore to Rs 5,69,658.67 crore, while ITC added Rs 15,142.09 crore, taking its value to Rs 5,45,115.06 crore.
State Bank of India (SBI) saw a gain of Rs 11,111.15 crore, and its total valuation reached Rs 7,06,696.04 crore. Hindustan Unilever’s mcap rose by Rs 11,054.83 crore to Rs 5,59,437.68 crore.
Bharti Airtel was the only company among the top 10 to see a decline in its value. Its market capitalisation dropped by Rs 19,330.14 crore to Rs 10,34,561.48 crore.
In the list of most valuable companies, Reliance remains on top, followed by HDFC Bank, TCS, ICICI Bank, Bharti Airtel, SBI, Infosys, Bajaj Finance, Hindustan Unilever, and ITC.
(With PTI Inputs)
