The combined market valuation of six of the top-10 most valued companies surged by Rs 1,18,151.75 crore last week, with HDFC Bank and Bharti Airtel leading the gains, in line with a positive equity market trend. The BSE benchmark rose by 354.23 points (0.45%), and the Nifty gained 77.8 points (0.33%).
Among the top-10 firms, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, and Bajaj Finance saw valuation increases, while Tata Consultancy Services (TCS), State Bank of India, Hindustan Unilever, and ITC faced valuation losses, shedding Rs 1.15 lakh crore combined.
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HDFC Bank’s market capitalization jumped by Rs 32,639.98 crore to Rs 13,25,090.58 crore, while Bharti Airtel added Rs 31,003.44 crore, reaching Rs 9,56,205.34 crore. Bajaj Finance’s valuation rose by Rs 29,032.08 crore to Rs 5,24,312.82 crore, and Infosys gained Rs 21,114.32 crore, bringing its valuation to Rs 7,90,074.08 crore. Reliance Industries saw a modest increase of Rs 2,977.12 crore, with a market cap of Rs 17,14,348.66 crore, and ICICI Bank’s valuation grew by Rs 1,384.81 crore to Rs 8,87,632.56 crore.
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On the other hand, ITC’s market cap dropped by Rs 39,474.45 crore to Rs 5,39,129.60 crore, while Hindustan Unilever’s valuation fell by Rs 33,704.89 crore to Rs 5,55,361.14 crore. State Bank of India lost Rs 25,926.02 crore, bringing its market cap to Rs 6,57,789.12 crore, and TCS saw a decline of Rs 16,064.31 crore to Rs 14,57,854.09 crore.
Reliance Industries remains the most valued domestic company, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, ITC, and Bajaj Finance.
(With PTI Inputs)
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