Last week, the combined market capitalization of India’s top 10 companies surged by a substantial ₹65,302.5 crore, reflecting the upward trajectory of the broader market. This positive momentum was fueled by gains in seven of the top 10 most valuable firms, with Tata Consultancy Services (TCS) and ICICI Bank taking the lead.
Despite the separate development of leading stock exchanges conducting a special trading session to test their readiness for potential disruptions, the Indian stock market sustained its upward trend. The Sensex index rose by 0.90 per cent, while the Nifty index gained 0.74 per cent during the week.
Among the top 10 companies, TCS, HDFC Bank, ICICI Bank, State Bank of India, Bharti Airtel, Hindustan Unilever, and ITC witnessed gains in their market capitalization, while Reliance Industries, Infosys, and Life Insurance Corporation of India (LICI) experienced declines.
TCS saw its market valuation rise by ₹19,881.39 crore to ₹14,85,912.36 crore, while ICICI Bank added ₹15,672.82 crore, reaching ₹7,60,481.54 crore in valuation. State Bank of India’s market capitalization surged by ₹12,182.1 crore to ₹6,89,917.13 crore, and HDFC Bank rallied by ₹7,178.03 crore to ₹10,86,464.53 crore.
Hindustan Unilever’s market capitalization increased by ₹5,051.63 crore to ₹5,67,626.01 crore, and Bharti Airtel’s valuation climbed by ₹4,525.14 crore to ₹6,38,721.77 crore. Meanwhile, ITC’s market capitalization rose by ₹811.39 crore to ₹5,14,451.76 crore.
However, LIC witnessed a decline in its market capitalization, eroding by ₹19,892.12 crore to ₹6,54,763.76 crore. Infosys also experienced a decrease, with its market valuation declining by ₹9,048.17 crore to ₹6,86,997.15 crore, and Reliance Industries dipped by ₹3,720.44 crore to ₹20,16,750.44 crore.
In terms of ranking, Reliance Industries maintained its position as the most valued company, followed by TCS, HDFC Bank, ICICI Bank, State Bank of India, Infosys, LIC, Bharti Airtel, Hindustan Unilever, and ITC.
