Market value of seven top companies jumps by Rs 2.31 lakh crore

• MUMBAI — In a positive week for the Indian stock market, seven of the top ten most valuable companies saw their market valuations increase by a total of Rs 2.31 lakh crore.
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• The equity market sentiment was generally upbeat, contributing to these gains.
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• The companies that experienced an increase in their market value included HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India (SBI), Infosys, ITC and Tata Consultancy Services (TCS).
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• On the other hand, Bajaj Finance, Hindustan Unilever, and TCS saw a dip in their valuations during the week.

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• The Bombay Stock Exchange (BSE) benchmark index gained 1,289.46 points, or 1.62 per cent, during the week, despite the market being closed for Maharashtra Day on Thursday.
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• Among the companies that gained, HDFC Bank saw its market valuation rise by Rs 11,514.78 crore, bringing its total to Rs 14,73,356.95 crore.
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• Bharti Airtel added Rs 20,755.67 crore, taking its valuation to Rs 10,56,029.91 crore. ICICI Bank increased its market value by Rs 19,381.9 crore, reaching Rs 10,20,200.69 crore.
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• Infosys gained Rs 10,902.31 crore, with its market cap reaching Rs 6,25,668.37 crore.
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• ITC added Rs 2,502.82 crore, bringing its valuation to Rs 5,38,294.86 crore. SBI saw an increase of Rs 1,160.2 crore, taking its market value to Rs 7,14,014.23 crore.
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• However, three companies saw a decrease in their market capitalisation. Bajaj Finance lost Rs 15,470.5 crore, reducing its valuation to Rs 5,50,726.80 crore.
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• Hindustan Unilever saw a decline of Rs 1,985.41 crore, bringing its market worth down to Rs 5,45,845.29 crore.
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• TCS lost Rs 1,284.42 crore, ending the week with a valuation of Rs 12,45,996.98 crore.
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• Despite these fluctuations, the most valuable companies in India include HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, Bajaj Finance, Hindustan Unilever, and ITC.
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• Meanwhile, in the previous week, the combined market value of six of India's top 10 most valued companies surged by Rs 1,18,626.24 crore.