- MUMBAI — The Indian stock market witnessed strong positive momentum this week,
helping nine of the country’s ten most valued companies collectively add INR
1,00,850.96 crore to their market capitalisation.
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- This rally came as the benchmark Sensex rose by 737.98
points, or 0.90 per cent, reflecting overall optimism in equities.
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- Among the top gainers, HDFC Bank recorded a sharp rise in
market valuation, adding INR 26,668.23 crore. With this, the private sector
lender’s total market capitalisation reached INR 15,15,853.85 crore.
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- Bajaj Finance also posted a strong performance, gaining INR
12,322.96 crore in valuation during the week. Its market cap now stands at INR
5,82,469.45 crore.
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- ICICI Bank’s market valuation increased by INR 9,790.87
crore to INR 10,41,053.07 crore, while Hindustan Unilever added INR 9,280.89
crore, taking its mcap to INR 5,61,282.11 crore.
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- Bharti Airtel saw its market valuation rise by INR 7,127.63
crore, reaching INR 10,65,894.55 crore.
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- Meanwhile, Life Insurance Corporation of India (LIC) gained
INR 3,953.12 crore, pushing its valuation to INR 6,07,073.28 crore.
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- Infosys recorded a smaller increase, with a gain of INR
519.27 crore, bringing its total market capitalisation to INR 6,49,739.73
crore.
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- State Bank of India (SBI) also edged up, with a rise of INR
401.61 crore, taking its mcap to INR 7,25,437.74 crore.
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- Among the top 10, Tata Consultancy Services (TCS) was the
only company to see a drop in its market value.
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- The IT giant’s mcap declined by INR 28,510.53 crore during
the week, settling at INR 12,24,975.89 crore.
