The combined market value of four of India’s top 10 companies surged by Rs 92,995.48 crore in the past week. Notably, HDFC Bank and Bharti Airtel were the top gainers, while the overall stock market saw a decline. During this period, the Sensex dropped by 194.52 points, or 0.25%, and the Nifty slipped by 63.95 points, or 0.26%.
Among the top 10 companies in India, Reliance Industries, HDFC Bank, Bharti Airtel, and LIC witnessed an increase in their market capitalization. On the other hand, ICICI Bank, SBI, TCS, Bajaj Finance, L&T, and Hindustan Unilever experienced a collective decrease of Rs 49,294.13 crore in their market value.
HDFC Bank saw the most significant rise in market capitalization, increasing by Rs 35,808.09 crore to reach Rs 12,69,454.42 crore. Following closely, Bharti Airtel added Rs 34,896.92 crore, bringing its market valuation to Rs 11,98,774.22 crore. LIC’s market capitalization also went up by Rs 16,065.5 crore, reaching Rs 5,60,205.05 crore, while Reliance Industries saw an addition of Rs 6,224.97 crore, totaling Rs 17,71,206.33 crore.
On the flip side, Hindustan Unilever experienced the most significant decline, with its market capitalization dropping by Rs 12,088.65 crore to Rs 5,04,997.65 crore. Larsen & Toubro’s valuation decreased by Rs 11,040.23 crore to Rs 5,42,938.40 crore, and TCS lost Rs 8,574.87 crore in market value, ending the week at Rs 7,48,600.40 crore.
Bajaj Finance witnessed a shrink in market capitalization by Rs 7,813.58 crore to Rs 6,35,327.78 crore. ICICI Bank’s valuation slipped by Rs 6,315.32 crore to Rs 10,05,379.71 crore, and SBI’s market value declined by Rs 3,461.48 crore to Rs 9,56,430.44 crore.
Despite the varied performance, Reliance Industries maintained its position as India’s most valuable company by market capitalization, followed by HDFC Bank, Bharti Airtel, ICICI Bank, SBI, TCS, Bajaj Finance, LIC, Larsen & Toubro, and Hindustan Unilever.
