The combined market capitalization of six of the top 10 most valued companies in India surged by ₹1,18,626.24 crore last week, led by Tata Consultancy Services (TCS). The BSE Sensex and NSE Nifty also saw gains, rising by 0.83% and 0.78% respectively. The companies that saw an increase in their valuations were Reliance Industries, HDFC Bank, TCS, State Bank of India, Infosys, and ITC.
TCS recorded the highest increase in market value, adding ₹53,692.42 crore to reach ₹12,47,281.40 crore. Reliance Industries’ valuation rose by ₹34,507.55 crore to ₹17,59,276.14 crore, while Infosys saw its market cap jump by ₹24,919.58 crore to ₹6,14,766.06 crore. HDFC Bank’s valuation grew by ₹2,907.85 crore to ₹14,61,842.17 crore, and State Bank of India’s market cap climbed ₹1,472.57 crore to ₹7,12,854.03 crore. ITC’s valuation also rose by ₹1,126.27 crore to ₹5,35,792.04 crore.
On the other hand, Bharti Airtel’s valuation dropped by ₹41,967.5 crore to ₹10,35,274.24 crore, and Hindustan Unilever’s fell by ₹10,114.99 crore to ₹5,47,830.70 crore. Bajaj Finance’s market cap declined by ₹1,863.83 crore to ₹5,66,197.30 crore, and ICICI Bank’s dipped by ₹1,130.07 crore to ₹10,00,818.79 crore.
Reliance Industries remained the most valuable company, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever, and ITC. The surge in market capitalization of these companies is a positive sign for the Indian economy, indicating a growth in investor confidence. However, it’s essential for investors to exercise caution and consult with certified experts before making any investment decisions.
The market trends and valuation changes can be influenced by various factors, including economic conditions, industry performance, and company-specific developments. As the market continues to evolve, it’s crucial for investors to stay informed and adapt to the changing landscape. The story aims to provide educational insights and should not be considered as investment advice. Investors should always consult with certified experts before making any investment decisions.