Select Page

Six out of the top 10 most-valued Indian companies saw a combined market valuation increase of Rs. 2,03,116.81 crore, indicating an optimistic sentiment in the Indian stock market. The BSE Sensex rose 1,906.33 points (2.38%) and the NSE Nifty advanced 546.7 points (2.26%) last week. TCS and HDFC Bank emerged as the biggest gainers, with their market capitalization increasing by Rs. 62,574.82 crore and Rs. 45,338.17 crore, respectively. Reliance Industries, Infosys, State Bank of India, and ICICI Bank also saw significant growth. On the other hand, Bharti Airtel, ITC, Hindustan Unilever, and LIC saw a decline in their valuation. The Indian rupee rose marginally against the US dollar, helped by a weaker dollar and the RBI’s decision to lower the cash reserve ratio to improve liquidity. Overall, Reliance Industries remained the most valuable company, followed by TCS, HDFC Bank, and others.