Dalal Street rally! M-cap of eight of top-10 valued firms add Rs 1.94 lakh crore; TCS leads gain
Stock market: Dalal Street witnessed strong momentum last week as the combined market capitalisation of eight of India’s top 10 most-valued companies rose by Rs 1.94 lakh crore, reflecting renewed investor optimism.Tata Consultancy Services (TCS) emerged as the biggest gainer, while Hindustan Unilever and Life Insurance Corporation of India (LIC) saw declines in their valuations, PTI reported.The benchmark BSE Sensex rose 1,293.65 points, or 1.59%, last week, mirroring the overall positive momentum in equities.Among the top gainers, TCS’s market value surged by Rs 45,678.35 crore to Rs 10,95,701.62 crore, making it the biggest contributor to the weekly rally.
Infosys followed with an increase of Rs 28,125.29 crore to Rs 6,29,080.22 crore, while HDFC Bank’s valuation climbed Rs 25,135.62 crore to Rs 15,07,025.19 crore.Bharti Airtel added Rs 25,089.27 crore to reach Rs 11,05,980.35 crore, and Reliance Industries gained Rs 25,035.08 crore, taking its market capitalisation to Rs 18,70,120.06 crore, maintaining its position as India’s most valuable company.Bajaj Finance rose by Rs 21,187.56 crore to Rs 6,36,995.74 crore, State Bank of India advanced by Rs 12,645.94 crore to Rs 8,12,986.64 crore, and ICICI Bank saw an increase of Rs 11,251.62 crore to Rs 9,86,367.47 crore.In contrast, mcap of LIC fell by Rs 4,648.88 crore to Rs 5,67,858.29 crore, and Hindustan Unilever’s declined by Rs 3,571.37 crore to Rs 5,94,235.13 crore.Reliance Industries retained the top spot among India’s most-valued firms, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, SBI, Bajaj Finance, Infosys, Hindustan Unilever, and LIC.
