Stock market recap: M-cap of 7 of most valuable firms jumps by Rs 2.16 lakh cr; Reliance, Airtel lead the rally
The BSE benchmark jumped 1,451 points, or 1.75%, signalling investor confidence.Among the top 10 firms, Reliance Industries saw its market value rise the most, climbing Rs 47,364 crore to Rs 19,17,484 crore.
Bharti Airtel followed closely with a gain of Rs 41,255 crore, taking its valuation to Rs 11,47,235 crore.Banks also made strong gains.
ICICI Bank’s valuation increased by Rs 40,124 crore to Rs 10,26,491 crore, while HDFC Bank rose Rs 33,186 crore to Rs 15,40,211 crore.
The State Bank of India added Rs 7,938 crore, reaching Rs 8,20,925 crore.Among financial services, Bajaj Finance saw its market cap grow by Rs 28,903 crore to Rs 6,65,899 crore, and Hindustan Unilever edged up Rs 17,775 crore to Rs 6,12,010 crore.However, some companies faced losses.
Infosys slipped Rs 30,306 crore to Rs 5,98,774 crore, TCS dropped Rs 23,807 crore to Rs 10,71,895 crore, and LIC fell Rs 7,685 crore to Rs 5,60,173 crore.Reliance Industries retained its spot as India’s most valuable company, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Bajaj Finance, Hindustan Unilever, Infosys and LIC.
