Market capitalization of the top 10 most valued companies surges Rs 2 lakh crore; TCS and HDFC Bank spearhead the advance.

The Indian equity market saw a surge in the combined market valuation of six top-10 companies, with Tata Consultancy Services (TCS) and HDFC Bank as the biggest gainers. The BSE benchmark index jumped 1,906.33 points, and the NSE Nifty climbed 546.7 points, with the indices rising 2.38% and 2.26%, respectively. Market valuation of TCS climbed Rs 62,574.82 crore to Rs 16,08,782.61 crore, while HDFC Bank’s valuation increased by Rs 45,338.17 crore to Rs 14,19,270.28 crore. Infosys, Reliance Industries, State Bank of India, and ICICI Bank were also among the gainers. However, Bharti Airtel, LIC, ITC, Hindustan Unilever, and LIC suffered valuations erosion. Reliance Industries remained the most valued firm, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, Infosys, and State Bank of India, respectively.