Market Capitalisation of Four of India's Top-10 Most Valued Firms Surges by ₹2.20 Lakh Crore, with Reliance Leading the Gains
Market Valuations Surge ₹2.20 Lakh Crore in Holiday-Shortened Week
Last week, the combined market valuation of four of the top-10 most valued firms surged by ₹2.20 lakh crore, with Reliance Industries emerging as the biggest gainer. The BSE benchmark Sensex climbed 249.29 points or 0.32 per cent.
The week began on a positive note, supported by easing geopolitical tensions and steady progress in Q4 earnings, which lifted initial sentiment. However, gains were gradually capped by rising crude oil prices, weak cues from Asian markets, and persistent foreign institutional investor (FII) outflows.
While Reliance Industries, Bharti Airtel, Tata Consultancy Services (TCS) and Bajaj Finance were the gainers from the pack, HDFC Bank, State Bank of India, ICICI Bank, Larsen & Toubro, Hindustan Unilever and Life Insurance Corporation of India (LIC) faced a combined erosion of ₹1.24 lakh crore from their valuation.
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| Company | Market Valuation Gain/Loss |
|---|---|
| Reliance Industries | ₹1,39,655.8 crore |
| Bharti Airtel | ₹43,503.51 crore |
| Tata Consultancy Services (TCS) | ₹27,569.83 crore |
| Bajaj Finance | ₹9,432.32 crore |
| HDFC Bank | -₹20,951.31 crore |
| State Bank of India | -₹30,922.57 crore |
| ICICI Bank | -₹45,364.62 crore |
| Hindustan Unilever | -₹18,420.79 crore |
| Life Insurance Corporation of India (LIC) | -₹8,222.49 crore |
| Larsen & Toubro | -₹178.83 crore |
Reliance Industries added ₹1,39,655.8 crore to its market valuation, taking it to ₹19,36,303.30 crore. Bharti Airtel's valuation surged ₹43,503.51 crore to ₹11,49,222.13 crore. The market valuation of TCS jumped ₹27,569.83 crore to ₹8,94,933.95 crore, and that of Bajaj Finance climbed ₹9,432.32 crore to ₹5,83,123.13 crore.
However, the market capitalisation (mcap) of ICICI Bank eroded by ₹45,364.62 crore to ₹9,04,980.78 crore. The valuation of State Bank of India dropped ₹30,922.57 crore to ₹9,85,829.96 crore. The mcap of HDFC Bank diminished by ₹20,951.31 crore to ₹11,87,274.17 crore, and that of Hindustan Unilever edged lower by ₹18,420.79 crore to ₹5,28,799.01 crore. The valuation of LIC declined by ₹8,222.49 crore to ₹5,04,798.07 crore, and that of Larsen & Toubro dipped by ₹178.83 crore to ₹5,51,993.05 crore.
Reliance Industries remained the most valued domestic firm, followed by HDFC Bank, Bharti Airtan, State Bank of India, ICICI Bank, TCS, Bajaj Finance, Larsen & Toubro, Hindustan Unilever and LIC.
Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline
Investor Takeaway
Investors should focus on the market trends and global cues that may impact the Indian market.
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