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Market Cap of 7 of Top 10 Firms Soars by ₹1.72 Lakh Crore; TCS Leads the Surge | Stock Market News

The market valuation of seven out of the top ten most valuable firms surged by ₹1,72,225.62 crore last week, driven by a strong equity market. Tata Consultancy Services (TCS) led the growth.

The BSE benchmark index rose by 522.74 points, or 0.65%, over the week. The 30-share BSE Sensex increased by 622 points, or 0.78%, to close at a record high of 80,519.34 on Friday. During intraday trading, it reached a peak of 80,893.51, up by 996.17 points or 1.24%.

Key Gains:

  • TCS: Market cap rose by ₹62,393.92 crore to ₹15,14,133.45 crore, with shares jumping nearly 7% on Friday after an 8.7% increase in net profit to ₹12,040 crore for the June quarter.
  • ITC: Added ₹31,858.83 crore, reaching ₹5,73,258.78 crore.
  • Infosys: Gained ₹26,905.14 crore, bringing its valuation to ₹7,10,827.27 crore.
  • LIC: Increased by ₹22,422.12 crore, reaching ₹6,64,947.01 crore.
  • Hindustan Unilever: Rose by ₹17,668.92 crore to ₹6,16,156.81 crore.
  • Reliance Industries: Up by ₹9,066.19 crore, reaching ₹21,60,628.75 crore.
  • Bharti Airtel: Increased by ₹1,910.5 crore to ₹8,15,705.36 crore.

Declines:

  • HDFC Bank: Market cap fell by ₹18,069.29 crore to ₹12,35,825.35 crore.
  • State Bank of India: Decreased by ₹356.99 crore to ₹7,67,204.26 crore.
  • ICICI Bank: Down by ₹210.5 crore to ₹8,67,668.16 crore.

Reliance Industries remained the most valuable firm, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, LIC, Hindustan Unilever, and ITC.

Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.​​

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