The combined market valuation of seven of the top-10 most valued firms in India increased by ₹2,16,544.29 crore last week, driven by an optimistic trend in equities. The BSE benchmark jumped 1,451.37 points or 1.75 per cent during this period. Reliance Industries and Bharti Airtel were the top gainers, with their market valuations increasing by ₹47,363.65 crore and ₹41,254.73 crore, respectively.
The market valuation of Reliance Industries now stands at ₹19,17,483.71 crore, while Bharti Airtel’s valuation is ₹11,47,235.08 crore. Other gainers included ICICI Bank, whose market capitalization surged by ₹40,123.88 crore to ₹10,26,491.35 crore, and HDFC Bank, whose valuation rallied by ₹33,185.59 crore to ₹15,40,210.78 crore.
Bajaj Finance’s valuation climbed by ₹28,903.45 crore to ₹6,65,899.19 crore, while Hindustan Unilever’s market capitalization edged higher by ₹17,774.65 crore to ₹6,12,009.78 crore. State Bank of India’s valuation also increased by ₹7,938.34 crore to ₹8,20,924.98 crore. On the other hand, the valuations of Infosys, Tata Consultancy Services (TCS), and Life Insurance Corporation of India (LIC) declined by ₹30,306.35 crore, ₹23,807.01 crore, and ₹7,684.87 crore, respectively.
As a result, the ranking of the top-10 most valued firms remained largely unchanged, with Reliance Industries retaining its position as the most valued firm, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Bajaj Finance, Hindustan Unilever, Infosys, and LIC. The surge in market valuations is attributed to the overall positive trend in the equity market, which is expected to continue in the coming weeks. The gainers were led by the telecom and banking sectors, which saw significant increases in their market capitalization.