Eight of the top 10 most valued firms witnessed a collective surge of Rs 1,10,106.83 crore in market valuation over the past week, spearheaded by Reliance Industries Ltd (RIL). The 30-share BSE Sensex index climbed 716.16 points or 0.97 percent during this period.
Among the gainers were RIL, ICICI Bank, Life Insurance Corporation of India (LIC), ITC, and Hindustan Unilever Ltd (HUL), while Tata Consultancy Services (TCS) and Infosys experienced a combined decline of Rs 38,477.49 crore in market valuation. Reliance Industries alone contributed Rs 43,976.96 crore to its market capitalization, reaching Rs 20,20,470.88 crore. On Friday, shares of RIL reached a fresh 52-week high of Rs 2,996.15 each.
ICICI Bank’s valuation surged by Rs 27,012.47 crore to Rs 7,44,808.72 crore, while LIC saw a rise of Rs 17,235.62 crore to Rs 6,74,655.88 crore. ITC’s market capitalization rallied by Rs 8,548.19 crore to Rs 5,13,640.37 crore, and HUL’s zoomed by Rs 4,534.71 crore to Rs 5,62,574.38 crore.
State Bank of India’s market capitalization climbed by Rs 4,149.94 crore to Rs 6,77,735.03 crore, surpassing Infosys to become the country’s fifth most-valued firm by market valuation on the BSE on Wednesday. Bharti Airtel’s valuation rose by Rs 3,855.73 crore to Rs 6,34,196.63 crore, while HDFC Bank’s increased by Rs 793.21 crore to Rs 10,79,286.5 crore.
However, Tata Consultancy Services witnessed a decline of Rs 27,949.73 crore to Rs 14,66,030.97 crore, and Infosys slumped by Rs 10,527.76 crore to Rs 6,96,045.32 crore in market valuation. Reliance Industries retained its position as the most valued firm, followed by TCS, HDFC Bank, ICICI Bank, Infosys, SBI, LIC, Bharti Airtel, Hindustan Unilever, and ITC.
