- MUMBAI — The combined market valuation of eight out of the top ten
most-valued Indian companies has increased by Rs 88,085.89 crore this week.
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- HDFC Bank saw the highest gains, reflecting the positive
trend in the domestic stock market.
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- During the week, the BSE benchmark index rose by 509.41
points, or 0.66 per cent, boosting the market capitalisation of several
companies.
Also read: Foreign investors pump Rs 31,000 crore into Indian stocks as market rebounds
- Among the top ten firms, HDFC Bank, Tata Consultancy
Services (TCS), Bharti Airtel, ICICI Bank, State Bank of India (SBI), Bajaj
Finance, Hindustan Unilever, and ITC witnessed an increase in their valuations.
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- However, Reliance Industries and Infosys saw a decline. HDFC
Bank's market capitalisation surged by Rs 44,933.62 crore, taking its total
valuation to Rs 13,99,208.73 crore.
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- State Bank of India (SBI) also saw a strong rise of Rs
16,599.79 crore, pushing its valuation to Rs 6,88,623.68 crore.
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- TCS added Rs 9,063.31 crore to reach Rs 13,04,121.56 crore,
while ICICI Bank's valuation grew by Rs 5,140.15 crore, reaching Rs 9,52,768.61
crore.
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- ITC and Hindustan Unilever also recorded gains, with their
market capitalisations rising by Rs 5,032.59 crore and Rs 2,796.01 crore,
respectively.
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- Bharti Airtel's valuation increased by Rs 2,651.48 crore to
Rs 9,87,005.92 crore, while Bajaj Finance added Rs 1,868.94 crore, bringing its
total valuation to Rs 5,54,715.12 crore.
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- On the other hand, Infosys faced a decline of Rs 9,135.89
crore, bringing its market value down to Rs 6,52,228.49 crore.
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