The combined market valuation of eight of the top-10 most valued firms in India saw a massive jump of Rs 2,10,330.26 crore in the previous week, with Tata Consultancy Services (TCS) and Life Insurance Corporation of India (LIC) shining bright as the biggest gainers. The BSE benchmark index increased by 85.31 points or 0.10 per cent, reaching a new all-time high of 81,587.76 on Friday. Due to the holiday-shortened week, the stock markets were closed on Wednesday for Muharram.
Among the top-10 firms, TCS saw a boost in market capitalisation of Rs 42,639.16 crore, reaching Rs 15,56,772.61 crore. LIC also saw a significant increase in mcap, with a surge of Rs 36,748.23 crore, reaching Rs 7,01,695.24 crore. Infosys added Rs 33,569.16 crore to its valuation, reaching Rs 7,44,396.43 crore, while State Bank of India’s mcap climbed by Rs 26,372.23 crore to Rs 7,93,576.49 crore. Hindustan Unilever’s market valuation increased by Rs 24,494.49 crore to Rs 6,40,651.30 crore, and ITC saw a jump of Rs 19,420.52 crore, reaching Rs 5,92,679.30 crore. Bharti Airtel’s market valuation went up by Rs 16,223.03 crore, reaching Rs 8,31,928.39 crore, and ICICI Bank’s mcap climbed by Rs 10,863.44 crore, reaching Rs 8,78,531.60 crore. However, Reliance Industries saw a decrease in market valuation by Rs 56,799.01 crore, reaching Rs 21,03,829.74 crore, while HDFC Bank’s mcap declined by Rs 13,124.01 crore, reaching Rs 12,22,701.34 crore.
In the top-10 list, Reliance Industries maintained its position as the most valued firm, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, LIC, Hindustan Unilever, and ITC.