Nine of the top 10 companies’ market capitalization jumps by Rs 1.85 lakh crore; Reliance and HDFC Bank sparkle.”
Last week, nine out of the top ten most valuable companies in India experienced a significant surge in their market valuation. This rise was largely driven by the exceptional performance of Reliance Industries Ltd and HDFC Bank, which saw their market values increase substantially.
The BSE benchmark also hit an all-time high, reflecting the overall positive trend in the stock market. During this period, the market valuation of Reliance Industries jumped by Rs 61,398.65 crore, reaching a total of Rs 20,02,509.35 crore. Similarly, HDFC Bank’s market valuation increased by Rs 38,966.07 crore, bringing its total to Rs 11,53,129.36 crore.
Other companies that saw their market values rise include Life Insurance Corporation of India (LIC), Bharti Airtel, Hindustan Unilever, Infosys, State Bank of India (SBI), and ICICI Bank. However, ITC was the only company in the top ten to experience a slight decline in its market valuation.
In the list of the top ten companies by market value, Reliance Industries maintained its position as the most-valued firm, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, SBI, LIC, Infosys, Hindustan Unilever, and ITC.
As we move forward, it will be interesting to see how these companies continue to perform and whether they can sustain this growth momentum. For now, however, it’s clear that Reliance Industries Ltd and HDFC Bank have certainly added a sparkle to the Indian market with their impressive performance.
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