Stock market: M-cap of 7 of top-10 most valuable firms jumps Rs 74,573 cr; HDFC gains top spot
Even during the holiday-shortened trading week, the BSE benchmark surged 780.71 points, or 0.97%, while the Nifty also gained 239.55 points, registering a 0.97% rise.HDFC Bank, Tata Consultancy Services (TCS), ICICI Bank, State Bank of India, Bajaj Finance, Hindustan Unilever, and Life Insurance Corporation of India (LIC)also saw their market valuations climb.In contrast, Reliance Industries, Bharti Airtel, and Infosys experienced declines.HDFC Bank added Rs 30,106.28 crore to its market capitalisation, taking it to Rs 14,81,889.57 crore.
LIC’s value jumped by Rs 20,587.87 crore to Rs 5,72,507.17 crore, while State Bank of India gained Rs 9,276.77 crore, reaching Rs 8,00,340.70 crore.
Hindustan Unilever saw its valuation rise Rs 7,859.38 crore to Rs 5,97,806.50 crore.ICICI Bank increased by Rs 3,108.17 crore to Rs 9,75,115.85 crore, Bajaj Finance by Rs 2,893.45 crore to Rs 6,15,808.18 crore, and TCS by Rs 741.71 crore to Rs 10,50,023.27 crore.On the other hand, Reliance Industries’ market value fell Rs 19,351.44 crore to Rs 18,45,084.98 crore.
Bharti Airtel declined by Rs 12,031.45 crore to Rs 10,80,891.08 crore, and Infosys slipped Rs 850.32 crore to Rs 6,00,954.93 crore.Despite the dip, Reliance Industries retained its position as India’s most valuable company, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Bajaj Finance, Infosys, Hindustan Unilever, and LIC.
