The BSE benchmark index soared to a new record high of 83,116.19 on Thursday, posting a significant gain of 1,707.01 points or 2.10% during the same period, marking a notable milestone in the market’s upward trajectory.
India’s top 10 most valuable companies experienced a significant boost in market value, collectively gaining ₹2,01,552.69 crore last week. Bharti Airtel led the pack, driving the surge in market capitalization, as investor sentiment remained optimistic in the equity market.
Bharti Airtel emerged as the top gainer, witnessing a staggering valuation surge of ₹54,282.62 crore. This boost propelled its market capitalization to ₹9,30,490.20 crore, solidifying its position among India’s most valuable companies.
ICICI Bank‘s market value witnessed a significant rise, gaining ₹29,662.44 crore to reach a total of ₹8,80,867.09 crore. This substantial increase reflects the bank’s growing stature in the financial sector.
Tata Consultancy Services (TCS) experienced a notable increase in market value, adding ₹23,427.12 crore to its valuation, which now stands at ₹16,36,189.63 crore. This boost solidifies TCS’s position as one of India’s most valuable companies.
Hindustan Unilever‘s market value skyrocketed by ₹22,438.6 crore, reaching an impressive ₹6,89,358.33 crore, while HDFC Bank‘s valuation also experienced a significant surge of ₹22,093.99 crore, propelling its market capitalization to ₹12,70,035.77 crore.
Infosys experienced significant gains in market value, with valuation rising by ₹17,480.49 crore to reach ₹8,07,299.55 crore, ITC‘s valuation increased by ₹15,194.17 crore to hit ₹6,42,531.82 crore.
Reliance Industries and State Bank of India both saw significant increases in their market values, with Reliance Industries’ market cap surging by ₹9,878.19 crore to reach ₹19,92,160.61 crore, and State Bank of India’s valuation growing by ₹7,095.07 crore to hit ₹7,05,535.20 crore.
Unlike the other companies, Life Insurance Corporation of India (LIC) saw a decrease in its market value, with its market capitalization falling by ₹3,004.38 crore to ₹6,54,004.76 crore, marking a notable exception to the overall trend of gains.
Reliance Industries maintains its top spot as the most valuable company, followed closely by a pack of industry giants, including TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, LIC, and ITC, rounding out the top ten list.
Top 10 Most Valued Firms:
1. Reliance Industries
2. TCS
3. HDFC Bank
4. Bharti Airtel
5. ICICI Bank
6. Infosys
7. State Bank of India
8. Hindustan Unilever
9. LIC
10. ITC
In conclusion, the Indian stock market witnessed a significant surge in the market capitalization of the top ten most valued firms, with Reliance Industries leading the pack. The companies saw substantial gains, with Bharti Airtel being the largest gainer, followed by ICICI Bank, HDFC Bank, and others. However, Life Insurance Corporation of India (LIC) was the exception, experiencing a decline in market capitalization. The top ten list remains dominated by industry giants, with Reliance Industries maintaining its top spot, followed by TCS, HDFC Bank, and others. This trend reflects the positive investor sentiment and growth prospects of these companies in the Indian market.
